Leading investor in onsite sustainable energy solutions AMPYR Distributed Energy (ADE) has signed a £10m framework agreement with Harvest Green Developments. Working together, the two companies will accelerate the roll-out of onsite renewable energy by providing long-term Power Purchase Agreement (PPA) financing to make it simple and affordable for businesses to decarbonise their operations.
Sam Brown, Managing Director of Harvest Green Developments, said: “Over the past six years, we have developed, built and funded on balance sheet a portfolio of 1.4 MWp of Solar PV projects. Selling these assets to ADE provides the capital needed to advance to the next level. This is a significant milestone for our business’ growth.
Brown added, “During our due diligence for selling our project portfolio, we found ADE to be the most attractive funding solution in the UK market. Their pragmatic approach to rooftop solar was very refreshing. With a mature pipeline of solar PV and battery storage projects and, with this new partnership now in full swing, I am very optimistic about our future developments.”
Neil Borrill-Carroll, Development Director at ADE, added: “This agreement enables growth for both parties. We have secured an operational asset, alongside an attractive pipeline of ready-to-build and development-stage solar PV projects. It aligns with our business model to work collaboratively with established partners and be their funder of choice for on-site energy solutions. We provide flexible capital and streamlined processes, allowing partners to deliver more projects at greater speed. We are excited to deploy further capital with Harvest Green Developments and help businesses across the UK simplify next zero.”
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For more information about AMPYR Distributed Energy, visit www.ampyrde.com.
To find out more about Harvest Green Developments click here.
