SC Establishes New Joint Venture for Renewable Energy Development and Supply in India
Contributed by Mr Jun Hirayama, SCIN Power & Renewable Energy Dept
13 September 2024
New Delhi, India
Sumitomo Corporation (SC) and AMPIN Energy Transition Private Limited (AMPIN Energy Transition), a renewable energy developer in India, have established a holding company to develop renewable energy power sources and promote a corporate Power Purchase Agreement (PPA) business supplying power derived from renewable sources such as solar and wind to client companies in India.
The new company will leverage the local expertise of AMPIN Energy Transition, which has a renewable energy portfolio of 4 GW including planned projects, and the network of Japanese companies SC has cultivated through its global operations. With a total project cost of around 100 billion yen, the new company aims to supply 1GW of power to industry within next few years. As SC’s first project supplying renewable energy-derived power to client companies in India, this venture will help meet the country’s rapidly growing energy demand driven by population and economic growth.
Overview of the New Company
| Company Name | AMPIN C&I Power Private Limited |
| Head Office | New Delhi, India |
| Business overview | The supply of renewable energy to commercial and industrial enterprises in India |
| Shareholder structure | – Sumitomo Corporation 49% – AMPIN Energy Transition 51% |
Business model
The ceremonial signing in New Delhi, India
Solar Power Plant (One of AMPIN Energy Transition’s portfolio)