NEW YORK, 25 July, 2024 – AMPYR Energy USA has acquired two projects comprising over 210 peak megawatts of utility-scale solar energy in North Carolina and South Carolina. The acquisition increases AMPYR Energy USA’s presence in the southeastern U.S. and builds on the company’s growing U.S. pipeline of over 4 gigawatts (GW) of carbon-free energy.
“This acquisition marks an important step on our path to expand our solar and battery storage business in the United States,” said Steve Semlitz, AMPYR Energy USA’s Chairman. “Since launching our efforts just two years ago, we have seen strong growth and are excited to continue to help lead the energy transition and accelerate a net-zero future through our balanced, renewable energy portfolio and future acquisitions.”
The two projects are in advanced stages of development, and AMPYR Energy USA expects to secure long-term offtake agreements from utility and/or commercial or industrial customers in 2024. AMPYR Energy USA’s in-house development and technical team will take the projects forward to completion.
“Through this acquisition, we continue to build on our greenfield development efforts in the Southeast to create a scalable, regional portfolio of renewable energy assets,” said Sumeet Bidani, AMPYR Energy USA’s Chief Development Officer. “Our project pipeline growth efforts across the U.S. are focused on creating a balanced project portfolio across ISO and non-ISO markets, that leverages the strong demand for renewable power.”
ABOUT AMPYR Energy USA
AMPYR Energy USA is working toward a sustainable and net zero emissions future by investing in, developing, managing and operating sustainable real assets that generate positive impact for people and the environment. With a project pipeline of over 2 GW of PV solar and standalone BESS, we are a joint venture between AGP Sustainable Real Assets and Hartree Partners that is part of AMPYR Energy, a developer and operator of renewable energy assets around the globe.
