Copenhagen Infrastructure Partners inks investment pact with Amp energy India

Our Bureau New Delhi | Updated on July 31, 2021

Enables joint equity investments of over $200 million in renewable energy projects in India

Copenhagen Infrastructure Partners (CIP) has signed an investment agreement through its Copenhagen Infrastructure New Markets Fund I (CI NMF) with Amp Energy India Private Limited (Amp India) to enable joint equity investments of over $ 200 million in renewable energy projects in India, with the potential for future expansion.

1.7 GWp portfolio of renewable energy projects

Amp India and CI NMF have targeted an initial 1.7 GWp portfolio of renewable energy projects, delivering clean and green energy to C&I and utility customers. This transaction is CI NMF’s first investment in the Indian renewable energy market and its largest commitment since establishment in 2019, the company said on Saturday in a release.

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The portfolio comprises 900 MWp in late-stage projects (solar PV and hybrid wind / solar PV) and an additional 800 MWp of projects in earlier stages of development.

EY was the exclusive financial advisor and Indus Law acted as legal advisor to AMP India. KPMG India acted as exclusive financial advisor and Trilegal as legal advisor to CI NMF, the release added.

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“This is a key milestone as we march towards our goal of creating the first truly balanced and complete renewable power producer with a 5 GWp target,” Pinaki Bhattacharyya, Co-Founder, Managing Director and Chief Executive Officer of Amp India said.

“As one of the world’s most dynamic and competitive renewable energy markets, India is a key focus for CI NMF and we are delighted to take this first important step together with a great partner in Amp, who combine an excellent track record and shared values in developing and realising projects,” Niels Holst, Partner and Head of CI NMF added.

Published on July 31, 2021

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