From: Mercom India
AMPYR Distributed Energy (ADE), a distributed energy solutions provider backed by AGP Group, has secured €170 million (~$194 million) in debt facilities from existing partners Crédit Agricole Corporate and Investment Bank and Benefit Street Partners, Franklin Templeton’s private credit manager.
The company said it will use the expanded facilities to acquire and develop distributed renewable energy assets across key European markets. ADR funds own and operate these distributed energy projects through long-term Power Purchase Agreements.
John Behan, Chief Executive Officer of AMPYR Distributed Energy, said: “Following the recent expansion of our operational portfolio across Europe, strengthening our funding platform ensures we have the capital and flexibility to continue investing at pace. It enables us to move quickly when opportunities arise and reinforces our ambition to build one of Europe’s leading distributed energy platforms.”
The financing follows ADE’s acquisition of a 70 MW European renewable energy portfolio from TotalEnergies.
Previously, in 2025, the company raised a £50 million (~$67 million) mezzanine finance facility from Franklin Templeton, a global asset manager, to support the company’s expanding pipeline of business acquisitions and project funding. The facility can be drawn upon for the development, construction, and operation of assets across both solar and battery energy storage systems.
In November 2025, ADE announced the acquisition of Shawton Energy, a company that provides fully-funded solar energy solutions to U.K. businesses, to strengthen ADE’s position in the U.K. distributed energy market, further expanding its customer base and operational capabilities through Shawton’s experience and commercial relationships.
According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, debt financing for the solar sector reached $8.9 billion across 28 deals, a 154% increase compared to the $3.5 billion secured in 23 deals in Q1 2025. On a QoQ basis, debt funding rose 162% from $3.4 billion across 20 deals in Q4 2025.
