Japan's Sumitomo forms JV with Ampin Energy Transition, to invest over Rs 5,900 cr in RE projects in India

Sumitomo Corporation will invest over Rs 5900 crore to form a joint venture with Ampin Energy Transition. The venture, Ampin C&I Power Private Limited, aims to develop renewable energy projects in India, creating a 1 GW portfolio of corporate power purchase agreements. This marks Sumitomo's first renewable energy supply to corporate clients in India.