AMPYR Distributed Energy, an investor in renewable energy solutions and part of the AGP Group, has secured £170 million (~$229 million) in debt funding provided by the corporate investment firm Crédit Agricole CIB (CACIB).
This funding aims to support its ongoing investment in commercial and industrial solar and battery energy storage projects throughout the U.K. The facility can be drawn upon for construction and operating assets across both solar and Battery Energy Storage Systems technologies.
The company claims to have developed a portfolio of solar and energy storage projects, contracting over 50 MW of renewable energy capacity across approximately 50 sites nationwide since its inception.
“Having established ourselves as a leader in the C&I renewables market, we’re committed to simplifying net zero for business customers and delivering projects that are transforming the energy landscape. We look forward to working with CACIB, harnessing this new funding commitment to help us accelerate our growth strategy and meet demand for onsite renewable energy solutions,” said John Behan, CEO of AMPYR Distributed Energy.
Stonepeak Capital Markets served as the exclusive financial advisor to AMPYR Distributed Energy, with Watson Farley Williams acting as legal advisor. On behalf of CACIB, Orrick Herrington & Sutcliffe acted as legal advisor.
“This transaction is a first-of-a-kind as it genuinely combines the expertise of Project Finance and Securitization and was structured by our newly built Distributed Generation franchise, associating the teams of Project Finance and Securitization,” said Laurent Haik, co-head of Auto and Operating Assets Securitization at Crédit Agricole CIB.
According to Mercom’s Q1 2025 Solar Funding and M&A Report, debt financing for the solar sector reached $3.5 billion across 23 deals, a 45% drop compared to the $6.4 billion secured in the same number of deals in Q1 2024.
In March, Octopus Renewables Infrastructure Trust (ORIT), an investment company, announced that it had signed a £100 million (~$125 million) five-year term loan facility with three of its existing lenders, Santander, National Australia Bank, and Allied Irish Banks. The funding is secured against ORIT’s U.K. onshore wind and solar assets and will be used to pay down a portion of the existing and more expensive Revolving Credit Facility debt.
