AMPIN Energy Transition

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).

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

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

• Renewable energy solutions
• Solar power projects
• Wind energy generation
• Battery energy storage
• Corporate PPA agreements

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices4 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Infrastructure, Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. 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.
2. Utility-scale PPA Contracts: PPAs with government utilities and regulatory entities including SECI, NTPC, RUMSL, and SJVN for large-scale renewable energy projects.
3. Energy Trading: Trading of renewable energy in the open access market, optimizing energy distribution and enabling dynamic pricing benefits.
4. Solar Manufacturing Revenue: Revenue from solar cell and module manufacturing through joint venture with Jupiter International Limited for 1.3 GW capacity.

Pricing tiers

Go-to-market motion3 records

Distribution channels3 records

Marketing channels4 records

Core 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

Named customers11 records

Segments4 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature6 records

Partnerships

Two partnerships are on record, tiered core.

• Jupiter International LimitedcoreStrategic or Co-development PartnerJoint 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 or Co-development PartnerStrategic 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

Direct 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

• LinkedInlinkedin.com/company/ampin-energy-transition
• Xx.com/AmpEnergyIndia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles19 records

Subsidiaries1 record

Funding overview

Funding rounds13 records

Investors15 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about AMPIN Energy Transition