AMPYR Energy USA ("AMPYR USA"), a developer of utility-scale solar and storage projects, is pleased to announce the closing of a development capital facility of up to $200 million with Crayhill Capital Management LP ("Crayhill"). This strategic partnership aims to accelerate the advancement of AMPYR USA's portfolio of renewable energy projects across the United States.
Amir Akhtar, Managing Director of Corporate Finance and Investments at AMPYR USA, stated, "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."
Shweta Kapadia, Managing Director at Crayhill, commented, "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."
Saurabh Beniwal, Partner at AGP Sustainable Real Assets and Board Member of AMPYR USA, added, "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."
The development capital facility reinforces AMPYR USA's commitment to advancing renewable energy initiatives that offer both economic and environmental benefits. The Company remains dedicated to facilitating the energy transition and supporting a resilient, low-carbon energy grid.
About AMPYR Energy USA
AMPYR Energy USA specializes in the development, construction, operation, and optimization of utility-scale solar power generation and co-located storage projects across all major markets in the country. AMPYR USA's unique platform benefits from a highly experienced sponsor group: AGP Sustainable Real Assets' extensive experience in establishing and operating GW-scale renewable platforms; Hartree Partners' cutting-edge power trading analytics and zero-carbon solutions.
About Crayhill Capital Management LP
Crayhill Capital Management LP is a New York-based, minority-owned alternative investment management firm that specializes in asset-based investment opportunities. The firm was launched in August 2015 and is registered with the U.S. SEC as an investment adviser. Crayhill strives to deliver capital solutions through tailored financing structures. Its asset-based investment strategies draw on deep sector expertise and relationships throughout the structured finance and specialty finance markets. For more information, please visit https://crayhill.com.
Advisors
AMPYR USA was advised by Gibson, Dunn & Crutcher LLP and KeyBanc Capital Markets. Crayhill was advised by Latham & Watkins LLP and McGuireWoods LLP.
Contacts
CRAYHILL PRESS
Josh Clarkson / Jake Forrestal / Michael Jones
Prosek Partners
pro-crayhill@prosek.com
