Amp Energy India has announced that it has rebranded as Ampin Energy Transition Private Limited. The new identity reflects the company’s commitment to accelerating the transition to renewable energy sources and its vision for a sustainable future. Ampin Energy Transition is poised to redefine the renewable energy landscape in India with its innovative and sustainable solutions.
As part of the rebranding, Ampin Energy Transition also unveiled a new logo that embodies its renewed focus and dedication to clean energy transition. The logo concept is around delivering Amperes of electricity in India using infinite renewable/green energy powered by harnessing solar, wind and storage amongst others.The twin logos; midnight blue background logo and white background logos demonstrate Ampin’s ability to deliver renewable energy through night and day. Ampin Energy has adopted a new tagline: “Powering Renewable Energy Transition.” This tagline encapsulates the company’s mission to enable the renewable energy transition of its customers across India and thus contribute to India’s energy transition.
In June 2023, the company secured investments up to $250 million from Sumitomo Mitsui Banking Corporation (SMBC Bank of Japan),Intermediate Capital Group (ICG), and Asian Infrastructure Investment Bank (AIIB ) to fund the growth of the company. SMBC is a Japanese multinational banking and financial services institution headquartered in Tokyo, Japan.
Also, in May 2023, the company bagged Calcutta Electric Supply Corporation Limited (CESC)’s 150 MW wind-solar hybrid auction at a tariff of Rs 3.07 per unit. The contracted capacity of the project will be 150 MW and would require a 250 MWp of wind and solar capacity installation. The project shall be connected to the ISTS network.
Source: Company Press Release