Sumitomo to invest $1.3 billion in Indian renewable projects
after close1 source ↓written by the desknot a recommendation
- in India's renewable
- $1.3 billion
Sumitomo Corporation plans to invest $1.3 billion in India's renewable energy sector through a joint venture with AMPIN Energy Transition. They aim to develop projects with a combined capacity of 2 GW by March 2028, capitalizing on the growing corporate power purchase agreement (PPA) market, projected to expand from 12 GW in 2023 to 100 GW by 2030. 🌱
This investment reflects the increasing demand from multinational firms for reliable renewable energy sources, potentially boosting market sentiment in the sector.
Not investment advice. For informational purposes only.