Climate Fund Managers and Ampyr Energy have commissioned the 67MWp Somasamudra Phase 1 solar PV plant in Karnataka, India.
Climate Fund Managers said the project marks the fourth delivered under the Ampyr Renewable Energy platform backed by its Climate Investor One fund supported by the European Union.
Ampyr Energy added that the plant in Ballari District will generate more than 118GWh of electricity annually while avoiding over 97,000 tonnes of CO2 emissions.
The companies said the project supplies renewable power to commercial and industrial customers through an open access model.
Somasamudra Phase 1 supported around 250 jobs during construction and will sustain about 45 operational roles.
Climate Fund Managers said the project was financed through Climate Investor One, which combines public and private capital to support renewable infrastructure in emerging markets.
The companies added that Ampyr Energy has over 500MW of operational and under-construction capacity in India alongside a wider development pipeline.
Jirong Lim, investment director at Climate Fund Managers, said: “The commissioning of Somasamudra Phase 1 highlights the strength and repeatability of the platform approach, moving projects efficiently from early-stage development through to operations.”
“As the fourth project delivered under the Ampyr platform, it also marks the first to be constructed using recycled capital, demonstrating how we can deploy capital more efficiently to scale investment in India’s commercial and industrial renewables sector.”
Rajkumar Roy, chief executive of AMPYR India, said: “Somasamudra Phase 1 reflects the strength of our partnership with Climate Fund Managers and our shared commitment to delivering renewable energy solutions for commercial and industrial customers in India.”
“The successful commissioning of this project demonstrates our ability to execute projects at pace while maintaining high standards across development, construction and operations.”