AMPIN Energy Transition (AMPIN) has secured an investment of $50 million from Siemens Financial Services, the financing arm of Siemens AG. This investment will further strengthen AMPIN’s position as a leading player in India’s renewable energy transition, by making renewable power in India – and make in India to power the global renewable energy transition. These funds will fuel the company’s growth in both Commercial & Industrial (C&I) and Utility-scale renewable energy projects as well as its energy transition value chain business.
This marks AMPIN’s third major investment transaction this financial year, bringing the total equity capital raised to $270 million this year and taking the total equity capital to nearly $700 million to create a capital deployment of over $4 billion. With robust capitalization AMPIN is well-equipped to scale its renewable energy portfolio and drive India’s energy transition.
Siemens Financial Services (SFS), the B2B financing arm of Siemens – provides financing that makes a difference. At SFS, the company empowers its customers around the globe to access technology with purpose and increase their competitiveness.
