Singapore-based I Squared Capital, through its ISQ Global Infrastructure Fund, has invested in Amplus Energy Solutions, an owner and operator of distributed rooftop solar power projects in India.
Amplus constructs and operates distributed rooftop solar projects for industrial and commercial customers under long-term power purchase agreements.
With the investment from I Squared Capital, Amplus seeks to expand its footprint and become a leader in rooftop solar in India and Southeast Asia. Amplus is setting up a centralized monitoring facility in the outskirts of Delhi and is growing its project and field teams across India.
Amplus says it is setting up an office in Singapore to pursue opportunities in Southeast Asia.