AMPIN Energy secures $50m FMO investment for Indian renewables

The $50m FMO investment provides long-term capital for AMPIN’s renewable expansion.

AMPIN Energy Transition Private Limited has secured $50m, investment from Dutch entrepreneurial development bank FMO for renewable energy expansion in India.

In a statement, AMPIN Energy said the investment aligns with FMO’s strategic objective of scaling its investments in climate mitigation initiatives and directly contributes to India’s national target of achieving 500 gigawatts of non-fossil fuel energy capacity by 2030.

Marnix Monsfort, energy department director at FMO, said the investment would provide a long-term, at-scale solution to AMPIN’s capital expenditure 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,” the official said.