AMPIN Energy Bags $50 Million From Siemens

Leading Renewable developer AMPIN Energy Transition has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG. These funds will fuel the company’s growth in both Commercial & Industrial (C&I) and Utility-scale renewable energy projects as well as its energy transition value chain business.

This marks AMPIN’s third major investment transaction this financial year, bringing the total equity capital raised to $270 million this year and taking the total equity capital to nearly $700 million to create a capital deployment of over $4 billion.

Pinaki Bhattacharyya, Founder, MD, and CEO of AMPIN Energy Transition, commented, “This equity investment from Siemens reaffirms AMPIN’s unique business model powering energy transition. It is now the only energy transition company in India to attract leading investors from Europe, North America and Asia. In addition to capital, Siemens also brings strategic advantages being a global leader in energy technology, making them an ideal partner for our long-term growth. This partnership will also enable us to leverage cutting-edge technology and best-in-class solutions to expand our renewable energy footprint.”

Steffen Grosse, CEO of Equity Finance at Siemens Financial Services, stated, “We are proud to invest in AMPIN, providing our financial expertise to support India and AMPIN’s customers in their renewable energy transition. Equipped for significant growth, India offers amazing long-term investment opportunities as the country strives to strengthen renewable energy growth across the value chain.”

Siemens Financial Services (SFS) is the B2B financing arm of Siemens. It provides tailored financing solutions – including flexible leasing and working capital products, project-related and structured financing, corporate lending, equity investments, finance advisory, as well as trade and receivables financing.

About AMPIN Energy Transition

AMPIN Energy Transition has a total portfolio of 5GWp spread across 22 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AMPIN Energy Transition has a balanced portfolio of renewable energy assets using a blend of solar, wind and storage to provide green power to Utility and Commercial & Industrial customers. With customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Data Centres, Utilities and Government bodies. 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, allowing it to become one of India’s leading energy transition players.