AMPIN Energy Secures Rs.7.42 Billion for 200 MW Hybrid Project in Rajasthan
POWER & RENEWABLE ENERGY

AMPIN Energy Secures Rs.7.42 Billion for 200 MW Hybrid Project in Rajasthan

Independent power producer AMPIN Energy Transition has announced the financial closure for its 200 MW wind-solar hybrid project in Rajasthan, with the final step achieved through a green loan of Rs.7.42 billion (~$88.27 million) from Standard Chartered.

The total investment for this project is Rs.9.44 billion (~$112.3 million).

The hybrid project is expected to generate approximately 435 million units of renewable electricity annually. This clean energy output will power an estimated 74,486 households.

The project was awarded under Solar Energy Corporation of India’s (SECI) Tranche-V wind-solar hybrid auction. The power generated will be sold to the SECI under a 25-year power purchase agreement.

“This collaboration with Standard Chartered Bank supports our vision of driving the renewable energy transition and transforming the energy landscape in India,” said Pinaki Bhattacharyya, MD and CEO of AMPIN Energy Transition.

AMPIN operates a 410 MW solar portfolio in Rajasthan, serving a diverse customer base that includes utility, commercial, and industrial clients. The addition of this solar-wind hybrid plant will expand the company’s renewable energy footprint in the state to a total of 1 GW.

Recently, Japan-headquartered Sumitomo Corporation entered India’s corporate power purchase agreement market through a joint venture with AMPIN Energy Transition to supply 1 GW of renewable energy to the industrial sector in the coming years. Sumitomo will hold 49% of the venture and AMPIN 51%.

In May, AMPIN secured funding of up to $35 million from responsAbility, an investor focusing on private markets, to help AMPIN expand its clean energy projects across India.

Earlier, AMPIN Energy Transition secured an investment from Oesterreichische Entwicklungsbank, the Development Bank of Austria, totaling €25 million (~$26.9 million) in long-term financing.

AMPIN has a diverse portfolio that exceeds 3 GW, serving businesses and utilities across 21 states. The company aims to reach 10 GW by 2030.

Independent power producer AMPIN Energy Transition has announced the financial closure for its 200 MW wind-solar hybrid project in Rajasthan, with the final step achieved through a green loan of Rs.7.42 billion (~$88.27 million) from Standard Chartered. The total investment for this project is Rs.9.44 billion (~$112.3 million). The hybrid project is expected to generate approximately 435 million units of renewable electricity annually. This clean energy output will power an estimated 74,486 households. The project was awarded under Solar Energy Corporation of India’s (SECI) Tranche-V wind-solar hybrid auction. The power generated will be sold to the SECI under a 25-year power purchase agreement. “This collaboration with Standard Chartered Bank supports our vision of driving the renewable energy transition and transforming the energy landscape in India,” said Pinaki Bhattacharyya, MD and CEO of AMPIN Energy Transition. AMPIN operates a 410 MW solar portfolio in Rajasthan, serving a diverse customer base that includes utility, commercial, and industrial clients. The addition of this solar-wind hybrid plant will expand the company’s renewable energy footprint in the state to a total of 1 GW. Recently, Japan-headquartered Sumitomo Corporation entered India’s corporate power purchase agreement market through a joint venture with AMPIN Energy Transition to supply 1 GW of renewable energy to the industrial sector in the coming years. Sumitomo will hold 49% of the venture and AMPIN 51%. In May, AMPIN secured funding of up to $35 million from responsAbility, an investor focusing on private markets, to help AMPIN expand its clean energy projects across India. Earlier, AMPIN Energy Transition secured an investment from Oesterreichische Entwicklungsbank, the Development Bank of Austria, totaling €25 million (~$26.9 million) in long-term financing. AMPIN has a diverse portfolio that exceeds 3 GW, serving businesses and utilities across 21 states. The company aims to reach 10 GW by 2030.

Next Story
Resources

Ajmera Realty launches tree drive on Environment Day

Ajmera Realty & Infra India marked World Environment Day with a large-scale tree plantation initiative—Plant-with-Purpose—across its projects in Mumbai and Bangalore. The drive was inaugurated at Ajmera Manhattan and Ajmera Greenfinity in Wadala, with senior company officials and residents in attendance. The campaign encourages residents to embrace eco-conscious, self-reliant lifestyles by growing useful plants and trees within their communities. Horticulture expert Devendra Bhekar guided residents on creating and maintaining green spaces. Ajmera Realty planted over 500 trees..

Next Story
Resources

Twaron®-reinforced tyre powers Brunel’s solar race car

Teijin Aramid’s Twaron® with circular content will debut in Bridgestone’s race tyres for the 2025 Bridgestone World Solar Challenge, supporting the Brunel Solar Team’s Nuna 13 car. This marks the first use of the recycled-content aramid in a high-performance race tyre. The Twaron®-reinforced belts help enhance durability, reduce rolling resistance, and maintain lightweight strength—critical for the 3,000-km solar race across Australia. Bridgestone combines this with ENLITENTM tech and other recycled inputs to maximise environmental and performance outcomes. Teijin Aramid, a..

Next Story
Building Material

Kamdhenu Paints launches new wood coating range

Kamdhenu Paints has launched a comprehensive premium wood coating range designed for both interior and exterior applications. The collection includes high-performance solutions like Kamwood 2K PU for a rich matt or high-gloss finish, Kamwood 1K PU for clarity and stain protection, and the Kamwood Melamyne system for a smooth, durable finish. Also featured are Kamwood Wood Stains, which enhance wood grains with vibrant colour, and NC Sanding Sealer for high-build grain filling. The range is supported by Kamwood Thinners for ease of application and optimal finish. Saurabh Agarwal, MD, ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?