AMPIN Energy receives 25-mn-euro funding from Development Bank of Austria, ET EnergyWorld

New Delhi: AMPIN Energy Transition on Friday said it has received 25-million-euro investment from OeEB, the Development Bank of Austria, in long-term financing to support the company’s renewable energy expansion plans and establishing a local 1-GW solar cell and module production facility in Odisha.

“Supporting India’s transition to renewable energy is not only an important precondition for the country’s continued economic development but also essential for the global fight against climate change. Green finance and comprehensive climate action is at the core of our new strategy,” said Sabine Gaber, Member of OeEB’s Executive Board.

The company aims to build a renewable energy portfolio of 10 GW by 2030, said the official press release.

“We are grateful for OeEB’s trust and support of our mission… We are poised to transform the renewable energy generation and solar manufacturing landscape in India, strengthening the nation’s commitment to meet its ambitious renewable energy goals by 2030,” said Pinaki Bhattacharyya, MD & CEO, AMPIN Energy Transition.

AMPIN Energy has a total portfolio of 3 GW across 21 states in India.

  • Published On Mar 29, 2024 at 01:28 PM IST

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