Independent power producer AMPIN Energy Transition has secured an investment of $50 million (~₹4.28 billion) from Siemens Financial Services, the financing arm of Siemens AG.

The investment will strengthen AMPIN’s position in India’s renewable energy transition. It will also fuel the company’s growth in commercial and industrial, and utility-scale renewable energy projects.

The transaction is AMPIN’s third major investment this financial year, bringing the total equity capital raised to $270 million (~₹23.12 billion) this year. The company’s total equity capital raised has reached nearly $700 million (~₹59.95 billion), resulting in a capital deployment of over $4 billion (~₹342.59 billion).

In 2024, the company secured funding of up to $35 million (~₹2.99 billion) from responsAbility, an investor focusing on private markets, to help AMPIN expand its clean energy projects across India. The investment was part of responsAbility’s $500 million (~₹42.82 billion) plan to combat climate change in Asia and is the company’s largest climate investment to date.

In the same year, AMPIN secured an investment from Oesterreichische Entwicklungsbank, the Development Bank of Austria, totaling €25 million (~$26.9 million) in long-term financing. The capital infusion was intended for establishing a 1 GW domestic solar cell and module production facility in Odisha.

The company also partnered with Copenhagen Infrastructure Partners (CIP) to develop 2 GW renewable energy projects across India with a joint investment of $300 million (~₹25.69 billion). Through its Growth Markets Fund II, CIP planned to create a renewable energy asset base of approximately $1.5 billion (~₹128.74 billion) by partnering with AMPIN.

AMPIN has a renewable energy portfolio of 5 GW across 22 states in the country. The company’s portfolio comprises solar, wind, and storage power projects that power commercial and industrial, as well as utility customers.

According to Mercom’s Annual and Q4 2024 Solar Funding and M&A Report, global corporate funding in the solar sector in 2024 reached $26.3 billion, a 24% year-over-year decline from $34.4 billion.