Ampin Energy Transition announced on Thursday that it has secured a Rs 742 crore loan from Standard Chartered Bank to fund its 200 MW solar-wind hybrid project in Rajasthan. The project is expected to generate over 435 million units of clean energy annually, reducing carbon emissions by 71.66 lakh tonnes each year, according to the company’s statement.
The green loan of Rs 742 crore (approximately USD 89 million) is part of the total investment of Rs 944 crore (USD 113 million) for the project. The energy produced will be sufficient to power 74,486 households.
“We are pleased to finalize the financial arrangements for our 200 MW hybrid project in Rajasthan. This partnership with Standard Chartered Bank is a significant step toward advancing our renewable energy goals,” said Pinaki Bhattacharyya, Managing Director & CEO of Ampin Energy Transition.
Ampin Energy Transition currently operates a portfolio of 4 GW of clean energy projects across 21 Indian states. Ampin Energy Transition is a leading renewable energy solutions provider in India, focused on accelerating the shift towards sustainable energy.
The company specializes in developing and managing solar energy projects, including large-scale solar parks and distributed solar solutions for commercial and industrial clients. With a strong commitment to sustainability, Ampin plays a key role in addressing India’s growing energy needs by promoting clean, affordable, and reliable power. By leveraging cutting-edge technology and innovative financing models, Ampin is helping industries transition to renewable energy while contributing to the country’s climate goals.
