AMPYR Distributed Energy (ADE), a leading investor in renewable energy solutions and part of AGP Group, has secured a £170m debt facility with Crédit Agricole CIB (CACIB) to support its ongoing investment in commercial and industrial (C&I) solar and battery energy storage (BESS) projects across the UK.
The facility, which can be drawn upon for construction and operating assets across both solar and BESS technologies, is among the largest of its kind in the UK C&I renewables market.
Since its inception in January 2024, ADE has developed a high-quality portfolio of solar and BESS assets. The business has already contracted over 50MW of renewable energy capacity across c.50 sites nationwide, partnering with high profile customers across a diverse range of industries including manufacturing, retail and leisure, and sports stadia.
Commenting on the agreement, John Behan, CEO of ADE, said: “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.”
Laurent Haik, co-head of Auto and Operating Assets Securitisation at Crédit Agricole CIB, added: “We are happy to support ADE, an AGP Group company backed by Stonepeak, in its ambition of developing distributed solar projects in Europe. 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 Securitisation.”
Stonepeak Capital Markets acted as exclusive financial advisor to ADE with Watson Farley Williams acting as legal advisor. On behalf of CACIB, Orrick Herrington & Sutcliffe acted as legal advisor.
