Climate Fund Managers (CFM) and Ampyr Energy have announced the commissioning of the Somasamudra Phase 1 solar plant in Ballari district, Karnataka. The project has a capacity of 67.5 MWp, or 50 MWac. It supplies renewable electricity to commercial and industrial offtakers through an open access model. Furthermore, it is expected to generate more than 118 GWh of clean electricity annually and avoid over 97,000 tonnes of carbon dioxide emissions every year.
The project was supported by Climate Investor One (CIO), a blended finance facility managed by CFM and backed by the European Union. Additionally, CIO deployed early-stage funding through its Development Fund for activities including permitting, land acquisition, and technical studies, followed by equity investment through its Construction Equity Fund for the construction of the plant.
In March 2026, Climate Fund Managers committed $32.2 million from its European Union-supported Climate Investor Two Construction Equity Fund to Akaia Green Fuels for the development of a commercial-scale waste-to-biogas facility in Uttar Pradesh, India.
