Japan's Sumitomo invests $1.3B in Indian renewable energy projects
12 Dec 2025

Japanese trading house Sumitomo Corporation has announced a massive investment of 200 billion yen ($1.3 billion) in several renewable power projects in India.

The move is aimed at capitalizing on the growing demand from industrial consumers for green energy solutions.

The investment will be made through a joint venture with AMPIN Energy Transition, an Indian company, and will develop projects with a total capacity of 2GW by March 2028.

Sumitomo's stake in AMPIN C&I Power Private Limited
Joint venture details

Sumitomo Corporation owns a 49% stake in AMPIN C&I Power Private Limited, with the remaining share held by AMPIN Energy.

The joint venture aims to tap into India's renewable energy potential and contribute to the country's transition toward cleaner power sources.

This investment comes as part of India's broader strategy to reduce its dependence on fossil fuels and achieve net-zero emissions by 2070.

India to accelerate renewable energy installations
Renewable transition

India currently depends on fossil fuels for nearly 75% of its power generation.

However, the country plans to speed up the installation of renewable energy sources to meet its net-zero target.

The corporate power-purchase agreement (PPA) market in India is projected to grow from 12GW in 2023 to a whopping 100GW by the end of this decade, according to Sumitomo Corporation's forecast.