Independent power producer AMPIN Energy Transition has achieved financial closure for a $195 million project finance facility for a power purchase agreement (PPA)-backed 100 MW wind-solar project with battery energy storage systems in Andhra Pradesh.

The project will integrate solar, wind, and battery energy storage to supply dispatchable renewable power during periods of peak electricity demand.

Sumitomo Mitsui Banking Corporation and Rabobank acted as mandated lead arrangers, green loan coordinators, and joint structuring banks. HSF Kramer, JSA Advocates, Aurora Energy Research, and Tractebel also supported the transaction.

The transaction was structured in accordance with the Green Loan Principles and the Equator Principles.

AMPIN has a total portfolio of 6 GW of renewable energy projects with more than 5.5 GWh of storage.

In May 2026, AMPIN signed an agreement to supply renewable energy to Grasim Industries, a flagship company of the Aditya Birla Group, from its 52.3 MW wind-solar hybrid project in Harihar, Karnataka.

In February, AMPIN C&I Power Twenty Six  signed an agreement to supply 6.4 MW of wind-solar hybrid power to chemical manufacturing company Tatva Chintan Pharma Chem from its 19.8 MW group captive project.

AMPIN Energy Utility Nine was one of the winners of Solar Energy Corporation of India’s auction for the assured peak supply of 4,800 MWh (1,200 MW x 4 hours) of firm and dispatchable renewable energy from interstate transmission-connected projects with co-located energy storage systems.

Last year, AMPIN Energy Transition secured a $50 million long-term investment from FMO, a Dutch entrepreneurial development bank. The funding will support the development of greenfield renewable energy projects.

According to Mercom Capital Group’s 1H and Q2 2026 Solar Funding and M&A Report, global solar companies raised $16.9 billion in corporate funding during the first half (1H) of 2026, a 56% year-over-year increase from $10.8 billion in the corresponding period of 2025, The number of corporate funding deals increased by 23%, from 78 in 1H 2025 to 96 in 1H 2026.