AMPIN Energy Transition Raises USD 50 Mn from Dutch Bank for Greenfield RE Projects

AMPIN Energy Transition Private Limited secured USD 50 million in investment from FMO, the Dutch entrepreneurial development bank, to develop greenfield renewable energy projects. The company explained in a press release that it will use this long-term investment to support its continued expansion of the renewable energy portfolio across India. 

The investment aligns with FMO’s objective to scale its investments in climate mitigation initiatives and directly contributes to India’s national target of achieving 500 GW of non-fossil fuel energy capacity by 2030.

Previous Funding

Earlier in March 2025, AMPIN Energy Transition secured a $50 million investment from Siemens Financial Services, the financing arm of Siemens AG. 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.

AMPIN’s investment transaction this financial year brought 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.

Leadership View

Pinaki Bhattacharyya, Founder, Managing Director (MD) and Chief Executive Officer (CEO), AMPIN Energy Transition, said, “This investment from FMO strengthens our ability to accelerate the deployment of high-quality renewable energy projects for India’s C&I and utility-scale customers. FMO’s trust in our vision reinforces AMPIN’s commitment to building a sustainable, climate-aligned energy future while adhering to the highest global environmental and social standards.”

Marnix Monsfort, Director Energy at FMO, said, “We are happy to partner with AMPIN in its next phase of growth and to support its energy transition initiatives across customer segments and technologies. This innovative investment would provide a long-term, at-scale solution to AMPIN’s capex needs alongside its equity investors. As a 100% green facility, with strong alignment to global environmental and social standards, this partnership reflects FMO’s commitment to supporting India’s energy transition commitments.”