AMPYR unit to invest GBP 40m in Dowling Energy’s solar pipeline

AMPYR Distributed Energy (ADE) has committed to investing up to GBP 40 million (USD 52.1m/EUR 46.8m) to help advance UK energy and property company Dowling Energy’s solar pipeline, starting with 20 MW of behind-the-meter schemes.

Under the partnership, AMPYR Energy’s unit will fund the projects through power purchase agreements (PPAs), while Dowling will use its expertise to manage landowners and off-takers, a press statement said today.

The initial pipeline focused on behind-the-meter solar projects will include several ground-mounted solar arrays located in close proximity to customer demand.

Launched in 2023, Dowling specialises in developing direct wire, PPA solar and battery storage, working directly with property professionals, landowners, energy experts and local grid networks.

The agreed deal extends ADE’s reach from mainly rooftop into ground-mounted solar. AGP Sustainable Real Assets, the owner of the AMPYR Energy platform, launched the unit in January with an initial capital commitment of up to GBP 100 million to develop, fund, own and operate sustainable energy assets for business customers in the UK and Europe.

(GBP 1 = USD 1.303/EUR 1.172)

Choose your newsletter by Renewables Now. Join for free!