Amp Energy's India arm raises $100-M from Copenhagen Infrastructure Partners

The Indian arm of Canadian renewable energy company Amp Energy has raised USD 100 million (INR 744 crore) from Copenhagen Infrastructure Partners (CIP), a sustainable-energy-focused investor. The investment is being made through CIP's Copenhagen Infrastructure New Markets Fund I (CI NMF). Amp Energy is matching CIP's investment in the deal. This is the Danish firm's first investment in India. Amp India is developing projects totalling 1,700 megawatts — 900 MW of those are in late stages and the rest in early stages. These projects are spread between solar and solar-wind hybrid projects. Toronto-headquartered Amp Energy has a target of achieving 5 GW in India. For Amp India, EY was the financial adviser and Indus Law acted as the legal adviser. For CIP, KPMG India was the financial adviser and Trilegal was the legal adviser.