AMPIN Energy Transition
AMPIN Energy Transition is an Indian renewable energy IPP serving 200+ C&I enterprises and utilities with solar, wind, hybrid, BESS, and floating solar solutions across 23 states, operating 5+ GWp and targeting 20-25 GW by 2030.
- Company typePrivate
- Founded2016
- HeadquartersNew Delhi, India
- Headcount251–500
- GTM typeB2B
- OfferingServices
What AMPIN Energy Transition does
AMPIN Energy Transition Private Limited is an Indian renewable energy Independent Power Producer (IPP) founded in 2016 by Pinaki Bhattacharyya and headquartered in New Delhi. The company develops, finances, owns, and operates solar, wind, hybrid, floating solar, and battery energy storage projects for two distinct customer sets: (i) Commercial & Industrial (C&I) enterprises — including data centers, automotive, steel, cement, FMCG, healthcare, and electronics — through bilateral PPAs, group captive arrangements, open access, distributed generation, and VPPAs; and (ii) utility and government entities including SECI, NTPC, RUMSL, and SJVN through utility-scale tenders. As of 2024-2026, AMPIN operates 5+ GWp across 23 Indian states serving 200+ C&I customers, with a stated 2030 capacity target of 20-25 GW.
The business model is anchored in long-term (10-25 year) power purchase agreements that produce recurring contracted revenue, supplemented by energy trading (under a Category V license), solar cell and module manufacturing via the AMPIN Solar One JV with Jupiter International (1.2 GW cell + 1.6 GW module capacity under PLI Tranche-II), and emerging green hydrogen and SAF activities. Pricing is set bilaterally based on capacity, technology mix, location, and tenor, with quoted customer outcomes of 10-40% energy cost reduction versus grid tariffs. The company reports cumulative equity raised above $800M from institutional investors including CIP, Sumitomo Corporation, Siemens Financial Services, FMO, SMBC, ICG, AIIB, responsAbility, and OeEB, alongside $1B+ in debt financing.
The go-to-market is sales-led and field-based, with regional offices in Mumbai, Kolkata, and Bengaluru supporting the New Delhi headquarters. Marquee customers include Amazon Web Services, Bosch, Nxtra by Airtel, ST Telemedia, Samsung India, Jindal Stainless, Air Liquide, and Nagpur Metro Rail. AMPIN rebranded from Amp Energy India in 2023 and became fully independent following Amp Energy's exit in 2024; it has won industry recognition including IJGlobal's Best ESG Project award (APAC, 2025) and operates India's largest floating solar project built by an IPP (inaugurated by the Prime Minister).
AMPIN Energy Transition firmographics
Firmographics- Name
- AMPIN Energy Transition
- Legal name
- AMPIN Energy Transition Private Limited
- Website
- https://ampin.energy
- Company type
- Private
- Founded year
- 2016
- Operating status
- Operating
- Headcount range
- 251–500 employees
- Short description
- AMPIN Energy Transition is an Indian renewable energy IPP serving 200+ C&I enterprises and utilities with solar, wind, hybrid, BESS, and floating solar solutions across 23 states, operating 5+ GWp and targeting 20-25 GW by 2030.
- Ownership category
- akta.pro rank
AMPIN Energy Transition industry classification
Industry- Product category
- Commercial and Industrial Renewable Energy Services
- NAICS
- Electric Power Generation, Transmission and Distribution (2211), Solar Electric Power Generation (221114), Wind Electric Power Generation (221115)
- SIC
- Electric Services (4911)
- akta.pro primary industry
- Hybrid PPAs (Renewables + Storage) & Firm Renewable Products (EUAGADAI)
- akta.pro secondary industries
- Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage) (EUAEAEAE), Microgrid Development, EPC & Integration (EUAMAJAB), Renewable Energy Infrastructure (FSAAAKAG)
Keywords
Where AMPIN Energy Transition is headquartered
LocationHeadquarters
- HQ city
- New Delhi
- HQ country
- India
- HQ region
- Asia
Offices4 records
Markets served
AMPIN Energy Transition business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain
Revenue model
- Long-term Power Purchase Agreements (PPAs): Long-term bilateral PPAs with commercial and industrial customers providing renewable energy at competitive rates. Contracts typically span 10-25 years, offering stable recurring revenue. Customers achieve 10-40% reduction in energy costs.
- Utility-scale PPA Contracts: PPAs with government utilities and regulatory entities including SECI, NTPC, RUMSL, and SJVN for large-scale renewable energy projects.
- Energy Trading: Trading of renewable energy in the open access market, optimizing energy distribution and enabling dynamic pricing benefits.
- Solar Manufacturing Revenue: Revenue from solar cell and module manufacturing through joint venture with Jupiter International Limited for 1.3 GW capacity.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Other | Annual | Custom bilateral PPA pricing based on project specifications |
Go-to-market motion3 records
Distribution channels3 records
Marketing channels4 records
AMPIN Energy Transition product offering
Product offeringCore offering
AMPIN Energy Transition develops, owns, and operates renewable energy assets and supplies green power to commercial and industrial (C&I) customers and utilities through long-term Power Purchase Agreements (PPAs) and open access arrangements. Its offerings span distributed solar generation, utility-scale solar/wind/hybrid projects, floating solar, battery energy storage, green hydrogen, energy trading under a Category V license, and solar cell and module manufacturing via the AMPIN Solar One JV with Jupiter International. The company delivers end-to-end capabilities from project development and financing through operations and asset management across 23 Indian states.
Product overview
AMPIN Energy Transition operates as a comprehensive renewable energy transition platform offering a unified portfolio of solutions for Commercial & Industrial (C&I) and Utility customers. The core offerings include C&I Solutions (distributed generation and open access) and Utility Solutions (solar, wind, hybrid, and storage). These are enhanced by Energy Transition Enablers: Energy Trading, Solar Cell and Module Manufacturing (via AMPIN Solar One), Green Hydrogen, and Energy Storage (BESS). The company provides end-to-end capabilities from project development and financing to operations and asset management, supported by a ~6 GWp operational portfolio and 2 GW late-stage pipeline across 23 Indian states.
Differentiator
Problem solved
Functional benefit
Brands
- AMPIN Solar One: Joint venture between AMPIN Energy Transition and Jupiter International Limited for setting up solar cell and module manufacturing facility with 1.2 GW cell and 1.6 GW module capacity under PLI Tranche-II Scheme.
Products and services
- C&I Solutions Commercial and Industrial renewable energy solutions providing on-site distributed generation and off-site open access renewable energy to help customers achieve RE100 targets and reduce energy costs by 10-40%. Targeted at large C&I enterprises across data centers, manufacturing, pharma, automotive, cement, steel, FMCG, infrastructure, and real estate sectors in India.
- Utility Solutions Utility-scale renewable energy solutions including Solar, Wind, Hybrid, and Round-The-Clock (RTC) power systems with PPAs with SECI, NTPC, RUMSL, and SJVN. Targeted at government utilities, distribution companies, and state electricity boards requiring large-scale renewable energy capacity.
- Energy Trading Advanced energy trading platform enabling optimization of energy supply and demand with advanced trading strategies for cost efficiency and grid stability, operating under Category V trading license. Targeted at open access market participants and wholesale power buyers/sellers in India.
- Solar Cell and Module Manufacturing State-of-the-art solar cell and module production through AMPIN Solar One Private Limited joint venture with Jupiter International Limited, with 1.2 GW cell and 1.6 GW module capacity under the PLI Tranche-II Scheme. Provides vertical integration and supply chain security for AMPIN's project development.
- Green Hydrogen Green hydrogen production capabilities to support industries and mobility in transitioning to zero-carbon solutions, with a 400 MW collaboration with Ohmium for C&I green hydrogen projects.
- Energy Storage (BESS) Battery Energy Storage Systems enhancing grid resilience and enabling 24/7 renewable power and demand flexibility, with expertise in design, engineering, sizing and modeling of BESS; 200 MWh+ under execution and 2 GWh+ in pipeline.
- Open Access Solutions Intra-state and inter-state open access renewable energy solutions enabling C&I customers to access clean energy through bilateral PPAs, group captive models, and third-party sale arrangements. Targeted at commercial and industrial customers seeking flexible energy procurement.
- Virtual Power Purchase Agreements (VPPA) Virtual PPAs enabling corporate buyers to procure renewable energy without physical delivery, supporting sustainability reporting and RE100 goals. Targeted at large enterprises seeking renewable energy attribute purchases for ESG reporting.
- Floating Solar Projects Floating solar PV installations including the 140 MWp RUMSL project in Madhya Pradesh, India's largest floating solar project by an IPP, inaugurated by Prime Minister Narendra Modi. Targeted at utilities and state entities seeking water-surface solar deployment.
- Distributed Generation On-site solar installations including rooftop, ground-mounted, and carport solutions for C&I customers, with projects for major clients including Skoda Auto Volkswagen, Tata Hitachi, L&T Metro Rail, and Kochi Metro Rail. Targeted at commercial and industrial customers seeking on-site renewable generation.
Quantifiable outcome
- 10-40% reduction in energy costs for C&I customers compared to conventional grid rates
- +4 more outcomes
Companies that use AMPIN Energy Transition
Customer profileNamed customers11 records
Segments4 records
Ideal customer profiles2 records
AMPIN Energy Transition technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature6 records
AMPIN Energy Transition partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Jupiter International LimitedcoreJoint venture partnership for establishing 1.3 GW solar cell and module manufacturing facility, providing vertical integration and supply chain security for AMPIN's project development.
- OhmiumcoreStrategic collaboration for green hydrogen projects targeting 400 MW capacity, expanding AMPIN's clean energy portfolio into emerging hydrogen technologies.
Scale indicators9 records
Recent moves9 records
Expansion highlights6 records
AMPIN Energy Transition competitors and assessment
Company assessmentDirect peers
- ReNew Energy Global: India's largest renewable energy IPP by capacity, with utility-scale solar, wind, and hybrid projects and growing C&I exposure. Competes head-to-head with AMPIN for SECI and C&I PPA contracts across India.
- Azure Power: India-focused solar IPP with utility-scale and C&I portfolio, founded and operated by many of the same executives who now lead AMPIN (SK Gupta led Azure Power's NYSE IPO and India's first solar green bond). Highly comparable business model.
- Hero Future Energies: India-based renewable energy IPP with utility-scale solar, wind, and storage plus C&I segment focus. Multiple AMPIN management alumni (Sourya Choudhary, Arpit Jain) came from Hero Future Energies, indicating close operational similarity.
- CleanMax: India-focused C&I renewable energy company specializing in rooftop solar and open access solutions for commercial and industrial customers. Directly competes with AMPIN's C&I segment, and AMPIN's Aditya Malpani previously worked at CleanMax.
- Radiance Renewables: C&I focused renewable energy developer in India providing open access and group captive solar PPAs. Co-won the QCIL healthcare solar PPA alongside AMPIN, indicating direct competition for the same C&I customers.
- Greenko Group: India's largest renewable energy IPP with integrated energy storage, focused on utility-scale solar, wind, and pumped hydro storage. Competes with AMPIN for firm renewable tenders and large utility PPAs.
Broad incumbents
- Adani Green Energy: Largest renewable energy operator in India by operating capacity, spanning utility-scale solar, wind, and hybrid projects under the Adani Group. A larger, broader incumbent competing with AMPIN for utility-scale tenders and increasingly C&I customers.
- Tata Power Renewables: Renewable energy arm of Tata Power with utility-scale solar, wind, and rooftop solar offerings, including C&I solutions. Competes with AMPIN for C&I PPAs and benefits from Tata group balance-sheet strength.
- JSW Energy: Diversified Indian power company expanding rapidly into renewable energy generation, including C&I supply. A larger incumbent with broader thermal+renewables portfolio competing with AMPIN in India's renewable power market.
- Sembcorp Industries (India operations): Singapore-listed energy and urban solutions group with renewable energy operations in India through Sembcorp Green Infra (now acquired by Tata Power Renewables). AMPIN's CEO Pinaki Bhattacharyya was formerly CFO/CIO of Sembcorp Green Infra, indicating deep operational familiarity.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat6 records
Key risks6 records
Key highlights7 records
Customer concentration
AMPIN Energy Transition social profiles
Digital presenceAMPIN Energy Transition compliance and trust
Trust signalCompliance1 record
AMPIN Energy Transition financial estimates
Financial estimateRevenue estimate
Valuation estimate
AMPIN Energy Transition leadership team
Management profileNumber of profiles
Profiles19 records
AMPIN Energy Transition subsidiaries and ownership
Company hierarchySubsidiaries1 record
AMPIN Energy Transition funding detail
Funding detailFunding overview
Funding rounds13 records
Investors15 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
AMPIN Energy Transition M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about AMPIN Energy Transition
What does AMPIN Energy Transition do?
AMPIN Energy Transition develops, owns, and operates renewable energy assets and supplies green power to commercial and industrial (C&I) customers and utilities through long-term Power Purchase Agreements (PPAs) and open access arrangements. Its offerings span distributed solar generation, utility-scale solar/wind/hybrid projects, floating solar, battery energy storage, green hydrogen, energy trading under a Category V license, and solar cell and module manufacturing via the AMPIN Solar One JV with Jupiter International. The company delivers end-to-end capabilities from project development and financing through operations and asset management across 23 Indian states.
Is AMPIN Energy Transition a public or private company?
AMPIN Energy Transition is a private company. It is classified as venture growth investor backed and is currently operating.
When was AMPIN Energy Transition founded?
AMPIN Energy Transition was founded in 2016. It employs 251 to 500 people.
Where is AMPIN Energy Transition based?
AMPIN Energy Transition is headquartered in New Delhi, India, in the Asia region.
How does AMPIN Energy Transition make money?
Four revenue lines are on record. Long-term Power Purchase Agreements (PPAs) is the primary driver. The others are utility-scale PPA Contracts, energy Trading and solar Manufacturing Revenue.
Who are AMPIN Energy Transition's main competitors?
Direct peers on record are ReNew Energy Global, Azure Power, Hero Future Energies, CleanMax, Radiance Renewables and Greenko Group. Broad incumbents are Adani Green Energy, Tata Power Renewables, JSW Energy and Sembcorp Industries (India operations).
Does AMPIN Energy Transition have an API?
No public API is recorded for AMPIN Energy Transition.
What industry is AMPIN Energy Transition in?
AMPIN Energy Transition's product category is Commercial and Industrial Renewable Energy Services. Its primary akta.pro industry code is EUAGADAI, Hybrid PPAs (Renewables + Storage) & Firm Renewable Products, with a secondary code of EUAEAEAE, Hybrid Renewable + Storage Plant Integration (Solar+Storage, Wind+Storage). Its NAICS code is 2211 and its SIC code is 4911.