Ampin will use the funds to implement various projects under its special purpose vehicles, mainly in commercial and industrial (C&I) solar across sectors in India. This includes manufacturing, auto and auto ancillary, pharma, healthcare, hospitals, FMCG, and data centres.
The company plans to expand its operating capacity to 10 gigawatt peak (GWp) by 2030 and drive renewable energy transition by contributing to India's renewable energy goal of 500 GW of renewable energy installed capacity. GWp refers to direct current (DC) capacity of a solar PV module at maximum output under standard test conditions.
"This investment will fuel our mission to become the leaders in driving the renewable energy transition for commercial and industrial customers," said Pinaki Bhattacharyya, MD and CEO, Ampin Energy Transition.
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