AMPYR Distributed Energy secures €170 million debt facilities to accelerate European growth

AMPYR Distributed Energy (ADE) has secured €170 million of debt facilities from existing funding partners Crédit Agricole CIB and Franklin Templeton’s private credit manager Benefit Street Partners (BSP), further strengthening its investment platform to support continued growth across Europe.

The expanded facilities build on ADE's long-term relationships with Crédit Agricole CIB and Franklin Templeton’s BSP, providing additional capital to fund the acquisition and development of distributed renewable energy assets across key European markets.

The financing follows ADE's recent acquisition of a 70MW European portfolio from TotalEnergies, further strengthening the company's position as one of Europe's fastest-growing distributed energy platforms.

The new funding provides increased financial flexibility to pursue strategic acquisitions while continuing to invest in onsite renewable energy infrastructure for commercial and industrial customers. Through long-term Power Purchase Agreements (PPAs), ADE funds, owns and operates distributed energy infrastructure, enabling businesses to reduce energy costs, improve resilience and accelerate decarbonisation with no upfront investment.

John Behan, Chief Executive Officer of AMPYR Distributed Energy, said:

"This financing represents another significant milestone in our growth journey and demonstrates the continued confidence that Crédit Agricole CIB and Franklin Templeton’s BSP have in our strategy, team, and our long-term vision.

“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.

“Demand for onsite energy continues to grow as businesses look for greater certainty, resilience and control over their energy costs. With the backing of our funding partners, we're well positioned to help more organisations turn energy into a long-term strategic asset."

Jerome Michel, Head of Securitisation, Clean Energy & Special Situation at Crédit Agricole CIB, said:

“We are pleased to reassert our confidence in the ADE team through this Pan-European securitisation warehouse facility. Similar to the UK transaction closed last year, this financing was arranged by our Distributed Generation (“DGEN”) team that combines Project Finance and Securitisation expertise to provide efficient and flexible financings well suited to the C&I solar sector. The ADE team has demonstrated its capacity to develop and acquire high-quality C&I solar projects and we are now looking forward to seeing its footprint further grow in some of our core markets."

Will Devenney, Head of Infrastructure Debt at Franklin Templeton’s BSP, said:

"We are delighted to continue supporting ADE’s growth and future expansion in Europe. This is a particularly compelling and mature infrastructure market – with huge investment need supported by robust government support and frameworks, and long-term contracts. There are a number of mega themes including decarbonisation and security of energy supply playing out across Europe, which provide a robust pipeline of investment opportunities.

“The transaction reflects the complexity we like to embrace – analysing a large and diverse portfolio of assets, including Europe’s largest floating solar project dedicated to industrial self-consumption, all as part of a critical M&A process.

“We are seeing significant momentum for infrastructure investing more generally, as investors with larger portfolios look for diversification that has proven resilience through periods of economic stress. Core features of real asset investing like cash flow stability, lower risk of defaults, and high recovery rates are all appealing.”

The additional funding ensures ADE is well positioned to continue investing at pace, enabling more commercial and industrial organisations to access fully funded onsite energy solutions that reduce costs, improve resilience and accelerate decarbonisation.