AMPIN Energy Transition has secured a EUR 25 million investment from OeEB, Austria’s Development Bank. The investment will aid in expanding AMPIN’s renewable energy portfolio and establishing a 1 GW solar production facility in Odisha. This aligns with India’s goal to increase renewable energy capacity, outlined in the National Electricity Plan 2022-2027. OeEB’s support underscores its focus on green finance and climate action. AMPIN, with a current 3 GW portfolio, aims to reach 10 GW by 2030, contributing significantly to India’s energy transition.
India’s renewable energy gets financial boost
AMPIN and OeEB collaborate to accelerate India’s renewable energy transition. (Image Credit: AMPIN).
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