Ampliform, a Pennsylvania-based developer of utility-scale solar facilities, announced the closing of a loan facility of up to $165 million with Copenhagen Infrastructure Partners (CIP), through its Green Credit Fund I (CI GCF I).
Proceeds of the loan facility will support the advancement of Ampliform’s project pipeline across various U.S. regional electrical grids, with a focus on development and construction of its near-term portfolio in PJM, the grid operator region serving 13 states and Washington D.C.
“This financing marks a pivotal moment for the company,” said Carl Jackson, founder and CEO of Ampliform. “Securing this capital provides us with additional resources to significantly accelerate our growth. We look forward to partnering with CIP as our company looks to fund construction of our near-term portfolio and support key development activities for flagship projects in our robust pipeline across PJM, MISO, NYISO and other markets.”
CI GCF I focuses on providing private debt to support energy projects across the globe, having secured commitments totaling about $1.1 billion (EUR 1 billion) at its final close. It is part of CIP’s distinct greenfield energy infrastructure focused fund strategy.
“We are thrilled to be partnering with the Ampliform team as they develop new energy supply to support economic growth and technological advancements,” said Reiner Boehning, CIP Partner. “CIP, together with Ampliform, is uniquely qualified and positioned to help address the rapidly increasing power demand in several parts of the country.”
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