“The Carlyle Group (NASDAQ: CG) has made s strategic growth investment through a $374 million commitment to Amp Solar Group, Inc. (Amp Energy)
Equity capital for the transaction has been committed from Carlyle’s Global Infrastructure Opportunity Fund and Carlyle’s Renewable & Sustainable Energy Fund.
Founded by Dave Rogers and Paul Ezekiel, Port Credit, Ontario based Amp Energy is a global renewable energy infrastructure manager, developer and owner. Since 2009, the company has successfully developed over 1.8 gigawatts of distributed and utility-scale renewable generation projects, hybrid generation plus storage projects, and stand-alone battery storage projects around the world. Amp Energy’s proprietary digital energy platform, Amp X, also provides a diverse portfolio of disruptive and interoperable solutions, including a state-of-the-art smart transformer, that enable real-time autonomous management and optimized dispatch of all forms of distributed generation and loads across the grid.
Amp Energy received an equity investment from and is a joint venture partner with CBRE Caledon since 2017.
The Carlyle investment will help catalyze the continued rapid growth of both Amp’s asset base and Amp X within its core markets of North America, Japan, Australia, Iberia and the UK.”
read the entire article
Private Capital Journal 6 January 2021.