Amp Energy and Copenhagen Infrastructure New Markets Fund signs a $200 million investment pact

Amp Energy India Private Ltd has joined hands with Copenhagen Infrastructure New Markets Fund (CI NMF), an arm of Copenhagen Infrastructure Partners (CIP), for joint equity investment of over $200 million in renewables.

Copenhagen Infrastructure Partners (CIP), is among the largest renewable energy-focused fund managers globally and it has signed an investment agreement through CI NMF with Amp Energy India Private Limited, a statement said.

The agreement will enable joint equity investments in the excess of $ 200 million in renewable energy projects in India, with the potential for future expansion.

Amp India has emerged as a leading balanced gigawatt (GW) scale integrated renewable energy power producer in India is focused on delivering clean and green energy to its consumers.

Meanwhile, Copenhagen Infrastructure Partners is a fund management company focused on energy infrastructure including offshore wind, onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity and storage, and other energy assets.

The effort of Amp India and CI NMF is to target an initial 1.7 gigawatt=peak (GWp) portfolio of renewable energy projects, which will deliver clean and green energy to commercial and Industrial (C&I) and utility customers.

This transaction is CI NMF’s first investment in the Indian renewable energy market and it is the largest commitment since its establishment in 2019.

Amp India’s, co-founder, MD, and CEO, Pinaki Bhattacharyya noted that CIP is the world’s leading renewable energy focused infrastructure fund manager and their significant domain expertise is a strong value addition, in addition to being a capital partner. “Both will be critical to success as we diversify our portfolio to include solar, wind, and hybrid in moving towards providing dispatchable clean energy to our C&I and Utility customers. This is a key milestone as we march towards our goal of creating the first truly balanced and complete renewable power producer with a 5 GWp target,” said Bhattacharya.

Shampa Bahadur has been a business journalist for more than two decades. She has written for Business India, PTI Media TransAsia and India Infrastructure Publication Ltd among others. She has also written coffee table books. She can be reached at shampa@indoasiancommodities.in

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