Copenhagen Infrastructure Partners (CIP) and Ampin Energy Transition have announced an agreement to enter a new partnership with a view to enable another approximately 2 GWp of renewable energy projects across India.
The agreement enables joint equity investments in excess of USD 300 million, creating a renewable energy asset base of approximately USD 1.5 billion.
The new partnership follows the existing partnership that CIP and Ampin Energy Transition entered in 2021, which enabled joint equity investments of initially around USD 200 million in renewable energy projects in India. For this second partnership, the partners are initially targeting a portfolio of approximately 2 GWp, expected to comprise solar, wind, hybrid, and storage technologies. The partnership will focus on large-scale and central grid-connected renewable energy projects in India.
