AMPIN Energy Transition Private Limited, India's leading renewable energy transition company, announced that it has secured a USD 50 million investment from FMO, the Dutch entrepreneurial development bank. The funds will be used to develop greenfield renewable energy projects, marking a significant milestone in supporting AMPIN's continued expansion of its renewable energy portfolio across India.

Investment Details and Strategic Alignment

The long-term investment aligns with FMO's strategic objective of scaling its investments in climate mitigation initiatives. It directly contributes to India's national target of achieving 500 GW of non-fossil fuel energy capacity by 2030. The partnership represents a 100% green facility with strong alignment to global environmental and social standards.

According to Marnix Monsfort, Director of Energy at FMO, this innovative investment would provide a long-term, at-scale solution to AMPIN's capital expenditure needs alongside its equity investors. The investment reflects FMO's commitment to supporting India's energy transition commitments across customer segments and technologies.

Company Leadership Response

Pinaki Bhattacharyya, Founder, MD & CEO of AMPIN Energy Transition, stated that the investment from FMO strengthens the company's ability to accelerate the deployment of high-quality renewable energy projects for India's Commercial & Industrial and utility-scale customers. He emphasized that FMO's trust in their vision reinforces AMPIN's commitment to building a sustainable, climate-aligned energy future while adhering to the highest global environmental and social standards.

Marnix Monsfort expressed FMO's satisfaction with its partnership with AMPIN in the next phase of AMPIN's growth and in supporting its energy transition initiatives across customer segments and technologies.

About FMO's Operations and Portfolio

FMO operates as the Dutch entrepreneurial development bank and serves as a leading impact investor, supporting sustainable private-sector growth in developing countries and emerging markets by investing in ambitious projects and entrepreneurs. The organization maintains that a strong private sector leads to economic and social development and has a proven track record of over 55 years empowering entrepreneurs to make local economies more inclusive, productive, resilient, and sustainable.

FMO focuses on three sectors that have high development impact: Agribusiness, Food & Forestry, Energy, and Financial Institutions. With a total committed portfolio of EUR ~13.5 billion spanning over 85 countries, FMO is one of the larger bilateral private sector development banks globally.

AMPIN Energy Transition's Portfolio and Operations

AMPIN Energy Transition operates as India's leading renewable energy transition company, with a total portfolio of 5 GWp spread across 23 states. The company is headquartered in New Delhi with regional offices in Mumbai, Bangalore, and Kolkata.

In addition to its core renewable energy generation business, AMPIN's Energy Transition Enablers enhance its competitive edge by driving strategic initiatives in energy trading, solar cell and module manufacturing, green hydrogen, and energy storage, positioning it as one of India's leading energy transition players. AMPIN is driven by an industry-leading team and backed by leading institutional investors from Europe, Asia, and North America.

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