Tokyo-based Sumitomo Corporation will invest $710 million to build renewable energy (RE) projects in India, in collaboration with New Delhi-based AMPIN Energy Transition.
TOKYO, Sept 13 (Reuters) – Japanese trading house Sumitomo Corp (8053.T), opens new tab has entered India’s renewable…
Japan’s Sumitomo Corporation has entered a joint venture with India’s Ampin Energy Transition to form a holding company that would invest 100 billion yen (around ₹6,000 crore) to develop renewable energy power sources and sell it to corporate clients through power purchase agreements, a statement said.
Under the agreement, AMPIN will hold a 51% majority in the JV, with Sumitomo Corporation holding the remaining 49%. The allocated fun…
Japanese trading house, Sumitomo Corporation, will invest over Rs 5900 crore (100 billion yen) to set up a…
Pinaki Bhattacharyya, CEO and MD of AMPIN Energy Transition, highlighted the range of challenges that utility-scale projects in the energy sector grapple with in India. These issues, including policy shifts, regulatory hurdles…
