Amp Solar Group, Inc., a Toronto, Canada-based global energy transition platform, received a a $374m investment commitment from The Carlyle Group (NASDAQ: CG).
Equity capital for the transaction has been committed from Carlyle’s Global Infrastructure Opportunity Fund and Carlyle’s Renewable & Sustainable Energy Fund.
The 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.
Led by Dave Rogers, President and CEO, Amp Energy is a global renewable energy infrastructure manager, developer and owner. Since 2009, the company has 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. Its proprietary digital energy platform, Amp X, also provides a diverse portfolio of interoperable solutions, including a smart transformer, that enable real-time autonomous management and optimized dispatch of all forms of distributed generation and loads across the grid.
The company is based in Toronto, Canada, with operations throughout North America, Japan, Australia, India, the UK, Iberia and Czech Republic.