AMPIN Energy Transition secures $50M investment from Siemens

AMPIN Energy Transition, a renewable energy company, has received a $50 million investment from Siemens Financial Services, the financing arm of Siemens AG. The investment will support AMPIN’s Commercial & Industrial (C&I) and Utility-scale renewable energy projects, as well as its energy transition value chain business.

This is AMPIN’s third investment transaction this financial year, bringing its total equity capital raised to $270 million this year and nearly $700 million in total. The company plans to deploy over $4 billion in capital for its renewable energy initiatives.

Pinaki Bhattacharyya, Founder, MD and CEO of AMPIN Energy Transition commented: “This equity investment from Siemens reaffirms AMPIN’s unique business model powering energy transition. It is now the only energy transition company in India to attract leading investors from Europe, North America and Asia. In addition to capital, Siemens also brings strategic advantages being a global leader in energy technology, making them an ideal partner for our long-term growth. This partnership will also enable us to leverage cutting-edge technology and best-in-class solutions to expand our renewable energy footprint.”

Steffen Grosse, CEO of Equity Finance at Siemens Financial Services stated: “We are proud to invest in AMPIN, providing our financial expertise to support India and AMPIN’s customers in their renewable energy transition. Equipped for significant growth, India offers amazing long-term investment opportunities as the country strives to strengthen renewable energy growth across the value chain.”