Saraf and Partners Advises AMPIN Energy Transition on USD 100 Million Norfund Fund Raise
Saraf and Partners acted as the counsel for AMPIN Energy Transition on its equity fund raise of up to USD 100 million from Norfund, the developmental finance institution of the Norwegian Government, through the Norwegian Climate Investment Fund. The capital infusion takes AMPIN’s total equity raised to nearly USD 1 billion, enabling capital deployment of over USD 4 billion.
This transaction is a significant milestone in India’s renewable energy landscape, with AMPIN becoming the only energy transition company in India to attract leading investors from Europe, North America, and Asia. The deal reinforces India’s position as a key growth market for international clean energy capital and supports the country’s ambitious target of 500 GW of non-fossil fuel generation capacity by 2030.
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The transaction team was led by Avirup Nag (Partner) and comprised Ankit Sahoo (Partner Designate), Ashwini Panwar and Sneha Smriti(Associates).
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