India's AMPIN Energy Secures $195 Million Financing for 100 MW Solar-Wind-Storage Project

en.Wedoany.com Reported - AMPIN Energy Transition has achieved financial close on $195 million in long-term project financing for a hybrid renewable energy project in Andhra Pradesh, India, supported by a 100 MW power purchase agreement (PPA). The project integrates solar, wind, and battery energy storage components, delivering dispatchable renewable power during peak demand periods.

AMPIN stated that as grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a critical role in addressing intermittency, enhancing grid reliability, and achieving long-term energy security. The transaction aligns with the Green Loan Principles and has been structured in accordance with the Equator Principles, reflecting the growing maturity of sustainable infrastructure financing and reinforcing the company's commitment to responsible capital allocation and environmental, social, and governance standards.

The financing was arranged with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank serving as mandated lead arrangers, green loan coordinators, and co-structuring banks, with support from HSF Kramer, JSA Advocates, Aurora Energy Research, and Tractebel, ensuring compliance with internationally recognized sustainable finance frameworks.

Pinaki Bhattacharyya, Founder, Managing Director, and CEO of AMPIN Energy Transition, stated that this transaction marks a significant milestone for AMPIN Energy Transition, reflecting close collaboration among all stakeholders. He expressed gratitude to SMBC and Rabobank for their cooperation and industry expertise throughout the financing process, noting that it will support the deployment of innovative renewable energy infrastructure and advance India's clean energy goals.

Jeanne Soh, Managing Director and Head of Structured Finance, Asia Pacific at SMBC, noted that hybrid renewable energy projects integrating battery storage will play a pivotal role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the close collaboration among sponsors, lenders, and advisors in advancing complex energy transition projects.

Amardeep Parmar, Managing Director and Head of Project Finance, Asia at Rabobank, stated that the transaction highlights the growing maturity of India's renewable energy sector and the importance of integrated solar, wind, and battery storage solutions in delivering reliable clean power. Rabobank remains committed to supporting clients and projects that drive the transition toward a more sustainable and resilient energy system.

AMPIN Energy Transition is a renewable energy transition company headquartered in New Delhi, with regional offices in Mumbai, Bengaluru, and Kolkata. It holds a portfolio of 6 GWp and 5.5 GWh across 23 states in India, combining solar, wind, and storage to provide green power to utility and commercial and industrial customers.