AMPYR Energy USA and Crayhill Capital Join Forces
AMPYR Energy USA, a leading developer of utility-scale solar and storage projects, has recently secured a substantial development capital facility valued at up to $200 million in partnership with Crayhill Capital Management LP. This strategic alliance is set to propel the company’s growth and expedite the advancement of its renewable energy projects across the nation.
Strategic Importance of the Partnership
Amir Akhtar, the Managing Director of Corporate Finance and Investments at AMPYR Energy USA, emphasized the significance of this collaboration. He noted that the partnership with Crayhill not only highlights the company’s robust project pipeline but also its unwavering commitment to providing resilient renewable energy solutions.
Fast-Tracking Renewable Energy Projects
The new facility is intended to fast-track the development of AMPYR’s renewable energy initiatives in the United States. With an increasing demand for clean energy, this funding will be instrumental in facilitating swift project execution and ensuring that various renewable energy solutions reach fruition.
Expertise in Renewable Energy Development
Shweta Kapadia from Crayhill Capital praised AMPYR's expertise, showcasing confidence in the firm’s capability to lead in the renewable energy sector. She acknowledged that this facility will serve as a vital funding source for pre-Notice to Proceed (NTP) expenses related to expanding AMPYR’s renewable energy portfolio.
Enhancing Clean Energy Infrastructure
Furthermore, the strategic partnership aims to enrich the overall growth of clean energy infrastructure throughout the country, thus significantly contributing to the energy transition toward low-carbon solutions.
Commitment to Sustainable Development
The establishment of this capital facility not only reflects AMPYR Energy USA’s dedication to renewable energy initiatives that deliver both economic and environmental benefits but also underscores its commitment to supporting a resilient energy grid in the face of growing climate challenges.
About AMPYR Energy USA
AMPYR Energy USA is at the forefront of developing, constructing, operating, and optimizing utility-scale solar power generation and co-located storage projects. The company operates across major markets in the country, benefitting from its highly experienced sponsor group which includes AGP Sustainable Real Assets and Hartree Partners. AGP's extensive background in establishing GW-scale renewable platforms complements Hartree's advanced power trading analytics.
About Crayhill Capital Management LP
Crayhill Capital Management LP, based in New York, is a minority-owned alternative investment management firm that specializes in asset-based investments. Founded in 2015, it is registered with the U.S. SEC and focuses on delivering tailored capital solutions through unique financing structures. Their asset-based strategies leverage deep expertise across structured finance and specialty finance markets.
Advisors to the Transaction
In this transaction, AMPYR Energy USA received advisory services from Gibson, Dunn & Crutcher LLP and KeyBanc Capital Markets. On the other hand, Crayhill Capital was advised by Latham & Watkins LLP and McGuireWoods LLP.
Frequently Asked Questions
What is the value of the development capital facility secured by AMPYR Energy USA?
The facility is valued at up to $200 million.
Who is AMPYR Energy USA partnering with for this funding?
AMPYR Energy USA is partnering with Crayhill Capital Management LP.
What is the goal of this partnership?
The partnership aims to accelerate the advancement of AMPYR USA's renewable energy projects across the United States.
What areas does AMPYR Energy USA specialize in?
AMPYR specializes in developing, constructing, operating, and optimizing utility-scale solar power generation and storage projects.
Who were the advisors in this transaction?
AMPYR was advised by Gibson, Dunn & Crutcher LLP and KeyBanc Capital Markets, while Crayhill was advised by Latham & Watkins LLP and McGuireWoods LLP.
