Copenhagen Infrastructure Partners and Ampin Energy Transition strengthen renewable energy investments in India

Copenhagen Infrastructure Partners (CIP) and Ampin Energy Transition have expanded their partnership to jointly realize renewable energy projects with a capacity of 2 gigawatts in India. The investment agreement includes stakes of more than 300 million US dollars and aims to build an investment portfolio valued at 1.5 billion US dollars. This initiative represents a significant increase from the initial 2021 partnership, which began with an investment volume of 200 million US dollars. Since its inception, the alliance has been strengthened by further investments of 100 million US dollars, increasing the target from the original 1.7 gigawatts to 2.4 gigawatts. This could grow the base of renewable installations from 1.2 billion to 1.5 billion US dollars. In the second phase of collaboration, handled through the Growth Markets Fund 12 of CIP and Ampin, a portfolio target of 2 gigawatts is aimed. The focus is on diverse renewable energy technologies, including solar, wind, and hybrid storage solutions. The partnership seeks to develop large-scale and centrally grid-connected projects. Pinaki Bhattacharyya, founder, managing director, and CEO of Ampin Energy Transition, expressed delight at CIP's faith in their vision and growth plans. This deepened partnership not only strengthens the ability to accelerate India's transition to renewable energy but also underscores the shared commitment to innovation and sustainable value creation. CIP has been active in the Indian market since 2021 and plans to further expand its activities there, with both existing and new potential partners. The company hopes to provide several gigawatts of capacities for renewable energy production. CIP partner Peter Sjøntoft highlighted the importance of India as one of the most dynamic markets for renewable energy. There is excitement about expanding collaboration with the trusted partners of Ampin Energy Transition as an important component of the investment portfolio in renewable energies in India.