CIP, Amp Energy to establish 1.7 GWp of renewables in India
- Danish investment company Copenhagen Infrastructure Partners (CIP) has actually signed an agreement with Amp Energy to enable the enhancement of 1.7 GWp of renewables projects in India.
The portfolio, containing both energy as well as business and also commercial (C&I) setups, consists of around 900MWp in late-stage projects, consisting of both solar as well as solar/wind crossbreeds, as well as an extra 800MWp of projects in earlier stages of development.
CIP, though its Copenhagen Infrastructure New Markets Fund I (CI NMF), will certainly devote US$ 100 million. The agreement with Amp Energy India will certainly make it possible for joint investments of more than US$ 200 million, with the potential for growth in the future.
This transaction is CI NMF's first investment in the Indian renewable energy market as well as its biggest commitment given that its facility in 2019.
Pinaki Bhattacharyya, CEO of Amp India, claimed: "CIP is the world's leading renewable energy-focused infrastructure fund supervisor and their significant domain expertise is a solid worth enhancement, along with being a resources partner.
" Both will be important to success as we diversify our portfolio to include solar, wind and also crossbreed in moving in the direction of offering dispatchable tidy energy to our C&I and also utility consumers. This is a vital turning point as we march in the direction of our objective of producing the initial genuinely well balanced as well as complete renewable power producer with a 5GWp target".
Niels Holst, companion and also head of CI NMF, commented: "As one of the globe's most vibrant and affordable renewable resource markets, India is an essential focus for CI NMF and also we are delighted to take this initially crucial action along with a great partner in Amp, that combine a superb performance history and also shared values in establishing and also realising projects."