Copenhagen Infrastructure Partners (CIP) and Ampin Energy Transition have expanded their collaboration with a new agreement to jointly invest in 2 GW of renewable energy projects across India. The partnership, backed by an initial equity investment of over $300 million, is set to create a clean energy asset base valued between $1.2 billion and $1.5 billion.
This partnership builds on the initial collaboration established in 2021, which targeted renewable energy projects in India with a focus on solar, wind, hybrid, and storage technologies. The original partnership saw investments totaling $300 million, which helped grow the portfolio from 1.7 GW to 2.4 GW of renewable energy projects. With the second partnership, the goal is to further enhance India's renewable energy transition.
The focus will be on large-scale, grid-connected renewable energy projects that support India's energy independence and sustainable growth goals. This joint venture will contribute to job creation and local growth, in line with CIP's commitment to expanding its presence in India's dynamic renewable energy sector.
CIP, through its Growth Markets Funds, has been involved in the Indian market since 2021, forming successful partnerships with Ampin and other developers. Moving forward, CIP plans to continue growing its activities and commission several GW of renewable capacity over the coming years.
