AMPYR Energy USA – a developer of utility-scale solar and storage projects – announced the closing of a development capital facility of up to $200 million with Crayhill Capital Management LP. This strategic partnership aims to accelerate the advancement of AMPYR USA’s portfolio of renewable energy projects across the US.

The development capital facility reinforces AMPYR USA’s commitment in advancing renewable energy initiatives that offer economic and environmental benefits. And the company remains dedicated to facilitating the energy transition and supporting a resilient, low-carbon energy grid.

Gibson, Dunn & Crutcher, and KeyBanc Capital Markets advised AMPYR USA. And Crayhill was advised by Latham & Watkins and McGuireWoods.

KEY QUOTES:

“Partnering with Crayhill underscores our robust project pipeline and our commitment to delivering resilient renewable energy solutions. This facility allows us to fast-track the development of our renewable energy projects in the Unites States.”

– Amir Akhtar, Managing Director of Corporate Finance and Investments at AMPYR USA

“We are excited to partner with AMPYR, whose expertise in the renewable energy development sector is best-in-class. This facility provides a critical funding source for pre-NTP development expenditures associated with the expansion of AMPYR’s renewable energy portfolio and will aid in the overall growth of clean energy infrastructure across the country.”

– Shweta Kapadia, Managing Director at Crayhill

“Securing this facility is a testament to our team’s dedication and the solid foundation we’ve built in the renewable energy landscape. It provides the flexibility needed to navigate the complexities of project development.”

– Saurabh Beniwal, Partner at AGP Sustainable Real Assets and Board Member of AMPYR USA