AMPYR Distributed Energy (ADE), an investor in renewable energy solutions and part of the AGP Group, has announced the acquisition of Eden Sustainable (Eden), a solar PV developer, funder, installer, and O&M across the U.K. for commercial real estate.
Eden will retain its brand, experienced team, and Exeter-based headquarters following the acquisition. ADE will provide strategic support, working closely with Eden to accelerate the growth of their combined project pipeline. In addition, ADE will continue to offer PPA funding to more than 20 renewable energy developers across the U.K. and Europe.
ADE has developed a portfolio of solar assets since its inception in January 2024, comprising over 50 MW of contracted renewable energy generation capacity across more than 50 sites nationwide.
Last week, ADE secured £170 million (~$229 million) in debt funding from corporate investment firm Crédit Agricole CIB. The capital will support ADE’s continued investments in commercial and industrial solar and battery energy storage projects across the U.K.
“The C&I renewables market is maturing fast, which means that proven project development and delivery capabilities have real value,” commented John Behan, CEO of ADE. “This acquisition will allow ADE to support more of our partners with Eden’s development capabilities, as well as expand our upfront sales and project delivery capabilities to meet growing demand for onsite renewable solutions.”
According to Mercom’s recently released Q1 2025 Solar Funding and M&A report, a total of 19 solar corporate M&A transactions were recorded in Q1 2025, compared to 20 transactions in Q4 2024, and 10% lower compared to 21 solar M&A transactions in Q1 2024.
Recently, TerraForm Power, an affiliate of Brookfield Asset Management and a renewable energy developer and operator, announced the acquisition of Sun Tribe Development, a mid-sized utility-scale solar and storage developer. Sun Tribe has executed over 800 MW of projects and more than 4,100 MW in its pipeline across the Mid-Atlantic and Southeastern U.S.
