India’s renewable energy gets financial boost

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.