The 100 MW Ampyr II “Mangoli” wind project is located in Karnataka India, and is a follow on project to the 38 MW Ampyr I “Balenahalli” project which has reached CEF equity close. The project is divided into two phases, an initial phase during which 70 MW will be constructed, and a second phase during which an additional 30 MW will be constructed.
Our Development Partner
Ampyr Energy India PTE ltd
We Invest
USD 2.60
million
Development Funding
Estimated Project Impact
-
100 MW additional capacity
-
343 GWh/year clean electricity
-
301 048 tCO2eq/year emissions avoided
-
330 construction jobs
-
337 087 people reached
Funding Rationale
The investment presents an attractive opportunity for CI1 for various reasons, which include:
CI1’s investment will be used to finance the construction of the project. This will enable grid customers to use more clean energy and reduce reliance on coal-fired power in India, reducing greenhouse gas emissions.
Karnataka is the seventh-largest Indian state by land area (191,791 km2) and has been one of the most progressive states in terms of solar development, which has catalyzed renewable generation in the state (it now has the largest installed renewable capacity in India).
Contract Signature
Date
January 2020
Expected Commercial
Operations Date
tbc
Region
Asia
Country
India
Business Model
IPP
Technology
Onshore Wind
Environmental & Social Category
B+
Sector
Renewable Energy
Project Location
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