Amp Energy India Bags USD 250 Million Financing from SMBC Bank of Japan, ICG and AIIB for Development of Renewable Projects
The transaction will be declared and the proceeds will be utilised to run the company’s expansion plans.
June 12, 2023. By EI News Network
The transaction will be declared and the proceeds will be utilised to run the company’s expansion plans.
The company is available in India, the US, Canada, Australia, Japan and Europe.
Amp Energy India, with its 2.7 GW portfolio, works in the commercial and industrial, along with the utility sectors.
Beijing-based AIIB has committed about USD 9.9 billion to 43 projects in India. This investment in Amp Energy puts importance on India being AIIB’s second-largest shareholder after China.
Amp Energy India has been bidding for green energy projects and the latest secured CESC’s 150MW wind-solar hybrid power project auction.
It also procured a 1 GW solar cell and module manufacturing project under the second tranche of the government’s aspirational production-linked incentive (PLI) scheme.
Of India’s overall installed power generation capacity of 416.05 GW as of 31 March, renewable energy comprising solar and wind amounts to 125.16 GW, or 66.78 GW and 42.63 GW, respectively. Besides, 82.62 GW of green energy capacity is under implementation, and another 40.89 GW of capacity is under various stages of tendering.
India aims to attain net-zero carbon emissions by 2070, and diminish carbon intensity by 45 percent from 2005 levels. In order to achieve net zero carbon emission, India has put a goal of 500 GW of established renewable energy capacity by 2030.
please contact: contact@energetica-india.net.
Aman Mehtani
Founder & Group CEO
ADM Group Offers Smart, Sustainable Solutions for Global Automotive Industry
Gaurav Dolwani
CEO
From Scrap to Sustainability: LICO Materials’ Circular Economy Approach
Gaurav Kumar
Head of Supply Chain and Manufacturing
Euler Motors Bridges Cost Gap Between EVs and ICE Vehicles with Localization
Shveta Arya
India Region Leader
Powering India’s Mobility Future: Cummins Showcases Advanced Power Solutions at Bharat Mobility
Samkit Shah
Co-Founder
Jitendra EV Leading Hybrid EV Revolution with Hydrix