Category: All News

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.  

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.  

Ampin Energy Transition announces the successful financial close of a USD 195 Mn long-term project finance facility for our 100 MW PPA capacity hybrid renewable energy project in Andhra Pradesh, integrating solar, wind, and Battery Energy Storage Systems (BESS) to deliver reliable, dispatchable clean power during peak demand.

Transaction Highlights:
• USD 195 Mn long-term project finance facility
• 100 MW PPA capacity hybrid renewable energy project
• Integrated Solar + Wind + BESS configuration
• Aligned with the Green Loan Principles and structured in accordance with the Equator Principles

As grid dynamics continue to evolve and demand patterns become increasingly time-sensitive, storage-backed hybrid renewable energy solutions are playing a pivotal role in addressing intermittency, enhancing grid reliability, and enabling long-term energy security. The transaction reflects the growing maturity of sustainable infrastructure financing, with the project aligned to the Green Loan Principles and structured in accordance with the Equator Principles, reinforcing our commitment to responsible capital deployment and strong environmental and social governance standards.

The transaction was executed with Sumitomo Mitsui Banking Corporation (SMBC) and Rabobank acting as Mandated Lead Arrangers, Green Loan Coordinators, and Joint Structuring Banks, with support from HSF Kramer, JSA Advocates, and Aurora Energy Research and Tractebel, ensuring alignment with internationally recognized sustainable finance frameworks.

The transaction comes at a time when India’s electricity demand is becoming increasingly time-sensitive and grid dynamics continue to evolve. Storage-backed hybrid renewable energy projects can help address the intermittency associated with renewable generation while enhancing grid reliability and supporting long-term energy security.

For the transaction, SMBC and Rabobank acted as Mandated Lead Arrangers, Green Loan Coordinators and Joint Structuring Banks. The financing was supported by HSF Kramer, JSA Advocates, Aurora Energy Research and Tractebel, with the parties helping ensure alignment with internationally recognised sustainable finance frameworks.

The transaction also reflects the increasing sophistication of India’s renewable energy financing ecosystem, where technological innovation, engineering complexity and structured financing are increasingly converging to support the country’s clean energy transition.

Pinaki Bhattacharyya, Founder, Managing Director & CEO, AMPIN Energy Transition, said “This transaction marks an important milestone for AMPIN Energy Transition and reflects the strength of collaboration among all stakeholders. We are grateful to SMBC & Rabobank for its partnership and sector expertise in delivering this financing, which will support the deployment of innovative renewable energy infrastructure and advance India’s clean energy ambitions.”

Jeanne Soh, Managing Director, Head of Structured Finance Asia Pacific, SMBC, said “As energy systems become increasingly dynamic, hybrid renewable energy projects with integrated battery storage will play a critical role in enhancing grid reliability and delivering dispatchable clean power at scale. This transaction reflects the continued evolution of sustainable infrastructure financing and the strong collaboration among sponsors, lenders and advisers to bring complex energy transition projects to fruition. SMBC is proud to support this landmark project and remains committed to providing innovative financing solutions that advance energy security, economic development and decarbonisation across the region.”

Amardeep Parmar, Managing Director & Head of Project Finance Asia, Rabobank, said “We are pleased to support AMPIN Energy Transition in achieving the successful financial close of this landmark renewable energy project. This transaction highlights the growing maturity of India’s renewable energy sector and the increasing importance of integrated solar, wind and battery storage solutions in delivering reliable clean power. At Rabobank, we remain committed to supporting clients and projects that contribute to the transition towards a more sustainable and resilient energy system.”

As India advances its clean energy ambitions, transactions such as this demonstrate how innovative financing structures, disciplined risk allocation, and strong institutional partnerships are enabling the next generation of renewable energy investments while strengthening the resilience and reliability of the country’s power infrastructure. India’s renewable energy sector is entering a new phase where technological innovation, engineering complexity, and financing sophistication are converging to accelerate the country’s clean energy transition.  

Waaree Transpower, a subsidiary of Waaree Energies Ltd., has successfully completed the type testing of its 17.6 MVA, five-winding Inverter Duty Transformer (IDT) at the Central Power Research Institute (CPRI), Bhopal, strengthening its technical capabilities and positioning in the rapidly growing renewable energy and Battery Energy Storage System (BESS) segments.

The transformer successfully underwent critical Dynamic Short Circuit, Impulse and Temperature Rise Tests, demonstrating its ability to meet demanding performance and reliability requirements for applications associated with renewable power generation and grid-connected energy systems.

The successful type testing represents an important technology milestone for Waaree Transpower and expands its ability to cater to large-scale renewable energy projects requiring specialised Inverter Duty Transformers.

Complementing this technical achievement, Waaree Transpower has also secured orders for more than 120 Nos. Inverter Duty Transformers of ratings from 11MVA to 20 MVA for Solar, Wind & BESS application, reflecting growing customer confidence in its IDT capabilities.

Inverter Duty Transformers play a critical role in renewable energy projects by facilitating the efficient integration of power generated through inverter-based systems into the electrical grid. With the rapid expansion of solar power, BESS and other inverter-based energy systems, demand for specialised transformer solutions is expected to increase.

Mr. Viren Doshi, Director, Waaree, said, “The successful type testing of our 17.6 MVA five-winding Inverter Duty Transformer is an important validation of our engineering and manufacturing capabilities. The strong order traction, with more than 120 IDTs ordered by leading customers, further demonstrates the confidence that the market is placing in our solutions. As renewable generation and energy storage continue to scale, we are focused on developing reliable and technically advanced electrical infrastructure that can support this transition.”

The combination of successful type testing and strong order traction marks an important step in Waaree Transpower’s strategy to build a comprehensive portfolio of transformer solutions for renewable energy, BESS and broader power infrastructure applications.

Waaree Transpower, a subsidiary of Waaree Energies Ltd., has successfully completed the type testing of its 17.6 MVA, five-winding Inverter Duty Transformer (IDT) at the Central Power Research Institute (CPRI), Bhopal, strengthening its technical capabilities and positioning in the rapidly growing renewable energy and Battery Energy Storage System (BESS) segments.

The transformer successfully underwent critical Dynamic Short Circuit, Impulse and Temperature Rise Tests, demonstrating its ability to meet demanding performance and reliability requirements for applications associated with renewable power generation and grid-connected energy systems.

The successful type testing represents an important technology milestone for Waaree Transpower and expands its ability to cater to large-scale renewable energy projects requiring specialised Inverter Duty Transformers.

Complementing this technical achievement, Waaree Transpower has also secured orders for more than 120 Nos. Inverter Duty Transformers of ratings from 11MVA to 20 MVA for Solar, Wind & BESS application, reflecting growing customer confidence in its IDT capabilities.

Inverter Duty Transformers play a critical role in renewable energy projects by facilitating the efficient integration of power generated through inverter-based systems into the electrical grid. With the rapid expansion of solar power, BESS and other inverter-based energy systems, demand for specialised transformer solutions is expected to increase.

Mr. Viren Doshi, Director, Waaree, said, “The successful type testing of our 17.6 MVA five-winding Inverter Duty Transformer is an important validation of our engineering and manufacturing capabilities. The strong order traction, with more than 120 IDTs ordered by leading customers, further demonstrates the confidence that the market is placing in our solutions. As renewable generation and energy storage continue to scale, we are focused on developing reliable and technically advanced electrical infrastructure that can support this transition.”

The combination of successful type testing and strong order traction marks an important step in Waaree Transpower’s strategy to build a comprehensive portfolio of transformer solutions for renewable energy, BESS and broader power infrastructure applications.

Waaree Transpower, a subsidiary of Waaree Energies Ltd., has successfully completed the type testing of its 17.6 MVA, five-winding Inverter Duty Transformer (IDT) at the Central Power Research Institute (CPRI), Bhopal, strengthening its technical capabilities and positioning in the rapidly growing renewable energy and Battery Energy Storage System (BESS) segments.

The transformer successfully underwent critical Dynamic Short Circuit, Impulse and Temperature Rise Tests, demonstrating its ability to meet demanding performance and reliability requirements for applications associated with renewable power generation and grid-connected energy systems.

The successful type testing represents an important technology milestone for Waaree Transpower and expands its ability to cater to large-scale renewable energy projects requiring specialised Inverter Duty Transformers.

Complementing this technical achievement, Waaree Transpower has also secured orders for more than 120 Nos. Inverter Duty Transformers of ratings from 11MVA to 20 MVA for Solar, Wind & BESS application, reflecting growing customer confidence in its IDT capabilities.

Inverter Duty Transformers play a critical role in renewable energy projects by facilitating the efficient integration of power generated through inverter-based systems into the electrical grid. With the rapid expansion of solar power, BESS and other inverter-based energy systems, demand for specialised transformer solutions is expected to increase.

Mr. Viren Doshi, Director, Waaree, said, “The successful type testing of our 17.6 MVA five-winding Inverter Duty Transformer is an important validation of our engineering and manufacturing capabilities. The strong order traction, with more than 120 IDTs ordered by leading customers, further demonstrates the confidence that the market is placing in our solutions. As renewable generation and energy storage continue to scale, we are focused on developing reliable and technically advanced electrical infrastructure that can support this transition.”

The combination of successful type testing and strong order traction marks an important step in Waaree Transpower’s strategy to build a comprehensive portfolio of transformer solutions for renewable energy, BESS and broader power infrastructure applications.

As India celebrates its 80th Independence Day, Solaryaan has announced the launch of its biggest-ever and most comprehensive inverter portfolio, strengthening its vision of enabling greater energy independence for Indian homes, businesses and industries. Solaryaan is introducing new Hybrid and All-in-One (AIO) inverters for the Next Generation to make them Energy Independent.

The portfolio brings together grid-tied inverters, hybrid inverters, All-in-One energy storage systems, BESS and microinverters, covering applications ranging from residential solar installations to commercial and industrial projects. The launch marks another step in Solaryaan’s evolution from an inverter-focused company towards an integrated energy solutions provider.

Manoj Patel, Founder & CMD, Solaryaan, said, “Independence today is also about having greater control over the energy we depend on. Our biggest-ever inverter portfolio reflects Solaryaan’s belief that the next phase of India’s solar journey will be defined by generation, storage and intelligent energy management working together. With our expanded hybrid and energy storage solutions, we are enabling customers to generate their own power, store it and use it more intelligently. This is our contribution towards powering India’s journey to energy independence.”

At the heart of the new portfolio is Solaryaan’s expanded range of hybrid energy solutions, designed to enable customers to generate, store and intelligently manage their energy. The SYH Series, a three-phase hybrid inverter range covering 5kT–15kT, is compatible with Solaryaan’s proprietary high-voltage batteries. The SYH3 Series, covering 15kT–30kT, is designed for larger energy requirements. It features three MPPTs and two battery sets, allowing greater flexibility across different applications. For larger commercial and industrial applications, the SYH Series 50kT–125kT offers separate terminals for grid, generation and load, supports parallel operation of up to 10 inverters on-grid and four off-grid.

Chirag Patel, CEO, Solaryaan, added, “The new range of inverters are specially designed around India’s energy needs. The expanded range comes at a time when India’s solar market is moving beyond simply generating renewable electricity towards storage, resilience and intelligent energy management. It is feeding the company’s broader ambition to build an integrated clean energy ecosystem.”

Solaryaan is also introducing its AIO Series, a single-phase energy storage system combining a hybrid inverter and a 10.24 kWh battery pack in an integrated solution. It offers 6,000 life cycles, a 10-year on-site warranty, 95% depth of discharge and IP66 protection, along with double off-grid backup capability and a one-channel UPS function.

The portfolio is further complemented by Solaryaan’s microinverter range, which includes 600W–1200W and 1600W–2400W variants. The systems offer independent module-level monitoring, low DC voltage, high generation efficiency and more. The micro inverters are an important part of the residential solar power unit.

Solaryaan introduced Battery Energy Storage System (BESS) which is an intelligent energy storage solution engineered for commercial, industrial, and utility applications. Designed to store excess solar power and stabilize energy demands, it integrates seamlessly with the hybrid and micro inverters as part of their expanding clean-tech portfolio.

As India celebrates its 80th Independence Day, Solaryaan has announced the launch of its biggest-ever and most comprehensive inverter portfolio, strengthening its vision of enabling greater energy independence for Indian homes, businesses and industries. Solaryaan is introducing new Hybrid and All-in-One (AIO) inverters for the Next Generation to make them Energy Independent.

The portfolio brings together grid-tied inverters, hybrid inverters, All-in-One energy storage systems, BESS and microinverters, covering applications ranging from residential solar installations to commercial and industrial projects. The launch marks another step in Solaryaan’s evolution from an inverter-focused company towards an integrated energy solutions provider.

Manoj Patel, Founder & CMD, Solaryaan, said, “Independence today is also about having greater control over the energy we depend on. Our biggest-ever inverter portfolio reflects Solaryaan’s belief that the next phase of India’s solar journey will be defined by generation, storage and intelligent energy management working together. With our expanded hybrid and energy storage solutions, we are enabling customers to generate their own power, store it and use it more intelligently. This is our contribution towards powering India’s journey to energy independence.”

At the heart of the new portfolio is Solaryaan’s expanded range of hybrid energy solutions, designed to enable customers to generate, store and intelligently manage their energy. The SYH Series, a three-phase hybrid inverter range covering 5kT–15kT, is compatible with Solaryaan’s proprietary high-voltage batteries. The SYH3 Series, covering 15kT–30kT, is designed for larger energy requirements. It features three MPPTs and two battery sets, allowing greater flexibility across different applications. For larger commercial and industrial applications, the SYH Series 50kT–125kT offers separate terminals for grid, generation and load, supports parallel operation of up to 10 inverters on-grid and four off-grid.

Chirag Patel, CEO, Solaryaan, added, “The new range of inverters are specially designed around India’s energy needs. The expanded range comes at a time when India’s solar market is moving beyond simply generating renewable electricity towards storage, resilience and intelligent energy management. It is feeding the company’s broader ambition to build an integrated clean energy ecosystem.”

Solaryaan is also introducing its AIO Series, a single-phase energy storage system combining a hybrid inverter and a 10.24 kWh battery pack in an integrated solution. It offers 6,000 life cycles, a 10-year on-site warranty, 95% depth of discharge and IP66 protection, along with double off-grid backup capability and a one-channel UPS function.

The portfolio is further complemented by Solaryaan’s microinverter range, which includes 600W–1200W and 1600W–2400W variants. The systems offer independent module-level monitoring, low DC voltage, high generation efficiency and more. The micro inverters are an important part of the residential solar power unit.

Solaryaan introduced Battery Energy Storage System (BESS) which is an intelligent energy storage solution engineered for commercial, industrial, and utility applications. Designed to store excess solar power and stabilize energy demands, it integrates seamlessly with the hybrid and micro inverters as part of their expanding clean-tech portfolio.