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.