responsAbility to Invest up to USD 35 Million in AMPIN Energy Transition Private Limited

New Delhi, 7th May, 2024: AMPIN Energy Transition, a leading renewable energy transition company has announced investment from responsAbility, a leading impact asset manager specializing in private market investments headquartered in Switzerland. As part of its broader USD 500 million climate investment strategy aimed at actively reducing CO2 emissions in Asia, it will invest up to USD 35 million on behalf of its investors in AMPIN.

This investment represents responsAbility’s most substantial commitment to climate financing to date and will help AMPIN in growing its renewable energy portfolio across India. This is a significant step in responsAbility’s mission to mobilize capital and invest in solutions that generate positive societal and environmental impact in emerging markets.

Headquartered in India, AMPIN Energy Transition is a leading renewable energy transition company with a balanced portfolio of more than 3GWp spread across 21 states in the country catering to both C&I and utility customers. Backed by marquee institutional investors across the globe, AMPIN aims to build a renewable energy portfolio of 10 GWp by 2030 and this collaboration with responsAbility is a pivotal step towards our vision of an energy-independent India.

Supporting India’s Renewable Energy Growth

The funds will enable AMPIN to undertake a range of projects under its various SPVs, primarily in commercial and industrial (C&I) solar across a wide spectrum of sectors in India. This includes manufacturing, auto & auto ancillary, pharma, healthcare, hospitals, FMCG and data centers. The company has plans to increase its operating capacity to 10 GWp by 2030 and drive the renewable energy transition in the country by contributing to India’s renewable energy goal of 500 GW of renewable energy installed capacity.

Founder’s Vision for India’s Renewable Energy Transition

“We are happy to collaborate with responsAbility as this investment will fuel our mission to become the leaders in driving the renewable energy transition for commercial and industrial customers. With this infusion of capital, we are poised to accelerate our efforts in expanding clean energy access, driving economic development, reducing carbon emissions and navigating the country towards a sustainable and self-sufficient energy future.” Pinaki Bhattacharyya, MD & CEO, AMPIN Energy Transition.

ResponsAbility’s commitment to impact investing partnerships in India & South East Asia

Sameer Tirkar, Head of Climate Infrastructure Investments, APAC at responsAbility said: “Our investment in AMPIN, a leader in the renewable energy sector, emphasizes our commitment to renewable energy in India, particularly the C&I solar market. Drawing from our past experiences in the sector, we recognize the value of partnerships in advancing sustainable investing. Through our partnership with AMPIN, we aim to contribute to a more resilient energy infrastructure in India.”

Stefan Issler, Head of Climate Infrastructure Investments at responsAbility said: “We’re delighted to partner with AMPIN, signalling our joint commitment to sustainability and a cleaner future. With AMPIN’s established network and experienced leadership in India’s renewable energy sector, we’re poised for an impactful alliance. Together, we’ll expand renewable projects, ensuring affordable energy access, driving economic growth in India, and reducing CO2 emissions. It’s an exciting venture toward a more sustainable tomorrow!”

About AMPIN Energy Transition

AMPIN Energy Transition is India’s leading renewable energy transition company with a total portfolio of ~3GWp spread across 21 states in the country. Headquartered in New Delhi with regional offices in Mumbai, Bangalore & Kolkata, AMPIN is run by an industry leading team of professionals and backed by leading institutional investors from Europe, Asia and North America. AMPIN has a balanced portfolio C&I and utility customers, providing complete renewable energy transition solutions while reducing their operating costs. It has marquee customers across 10 diverse sectors such as Pharmaceuticals, Automobiles, Cement, Steel, Heavy Engineering, Infrastructure, FMCG, Educational Institutions, IT & Datacentres, Utilities and Government bodies. For further information please visit, https://ampin.energy/. Contact: [email protected]

About responsAbility Investments AG

responsAbility Investments AG is a leading impact asset manager specializing in private market investments across three investment themes to directly contribute to the United Nations Sustainable Development Goals (SDGs): Financial Inclusion, to finance the growth of Micro & SMEs; Climate Finance, to contribute to a net zero pathway; and Sustainable Food, to sustainably feed an ever-growing population. All responsAbility investment solutions target specific measurable impact alongside market returns.

Since its inception in 2003, responsAbility has deployed over USD 15.4 billion in impact investments. With over 270 employees collaborating across eight offices, as of 31 December 2023 the company manages USD 4.8 billion in assets across approximately 280 portfolio companies in 69 countries. Since 2022 responsAbility is part of M&G plc, the international savings, and investments business, and contributes to enhancing M&G’s capabilities in impact investing.