Copenhagen Infrastructure Partners and AMPIN Energy Transition expand partnership in India

Copenhagen Infrastructure Partners (CIP), through is Growth Markets Fund II (“CI GMF II”), and AMPIN Energy Transition have announced an agreement to enter a new partnership with a view to enable another ~2 GWp of renewable energy projects across India.

The new partnership follows the existing partnership that CIP, through its Growth Markets Fund I (“CI GMF I”), and AMPIN Energy Transition entered in 2021 to enable joint equity investments of initially USD ~200 million in renewable energy projects in India. The partnership has since been extended with further investments of USD ~100 million to allow for an expansion of the portfolio from the initial target of 1.7 GWp to ~ 2.4GWp of projects thus creating a renewable energy asset base of USD 1.2-1.5 billion.

For this second partnership, CI GMF II and AMPIN Energy Transition are initially targeting a portfolio of ~2 GWp, expected to comprise of solar, wind, hybrid and storage technologies. The partnership will focus on large-scale and central grid-connected renewable energy projects in India.

CIP, through its Growth Market Funds, entered the Indian market in 2021 and has been successful in navigating the Indian market through partnerships with AMPIN Energy Transition and Viviid. CIP intends to continue to grow its activities in the Indian market together with both existing and new potential partners and expects to build and commission several GW of renewable generation capacity over the coming years.