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| 06.09.21
AMPYR IDEA completes Australia’s biggest rooftop solar installation on a brewery
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September 06, 2021 – AMPYR IDEA and Smart Commercial Solar have completed the installation of an impressive 3.01MW rooftop solar system at one of Australia’s biggest breweries. The solar system is powering the production of some of the nation’s most iconic beers, including Victoria Bitter, Great Northern and Carlton Draught. The Asahi Beverages Yatala site on Queensland’s Gold Coast was shifted to solar by its owner, Carlton & United Breweries (CUB), which hired Smart Commercial Solar and AMPYR IDEA to carry out the enormous 7,000-panel task. The installation took more than 20 workers for roughly 18 months to complete and required more than 150 kilometres of cable to be laid to fill “virtually every bit of available space” at the brewery with solar panels. Chris Gavin, Managing Director of AMPYR IDEA, said “We’re very proud of what we’ve achieved with Asahi Beverages. Working in an operating brewery of this size had its challenges and we managed to deliver the system with no interruption to the facility”. Maximilian Stenning, General Manager of Smart Commercial Solar, said the installation was one of the most complex projects the company had undertaken in Australia. The sheer size of the central solar control room, for instance, required it to be escorted to the site by police. “The scope of it is amazing and sets the standard for breweries globally. We believe it is Australia’s fifth largest onsite solar project and we are extremely impressed by Asahi Beverages’ commitment to take on a solar project of this magnitude.” Yatala Brewery plant manager, Tom Robinson, said the panels would generate enough solar to power “nearly 9,000 beer fridges” a year, while also making CUB Australia’s largest brewer of solar-powered beer. “We’re committed to making the Yatala Brewery more sustainable and estimate the solar we generate will be enough to brew around 150 million stubbies or cans each year,” Robinson said. “It’s not enough to power the entire brewery, [but] our goal is to ensure Yatala is powered entirely by a mix of directly-sourced and offset solar electricity within four years, in line with Asahi Beverages’ targets.” Asahi Beverages, the Australian arm of Japanese brewing giant Asahi which acquired CUB in mid-2020, has set a goal of sourcing all its electricity across the country from renewable sources by 2025 and reduce its emissions by 50% by the same date. “AMPYR IDEA was founded to help businesses save money, improve their carbon footprint and reduce their reliance on the grid. Projects like this show that it is possible for all businesses, large and small, to accomplish all these goals using on-site solar systems”, said Gavin.
| 03.09.21
AMPYR Solar Europe Announces It Has Entered into a Strategic Partnership with Commerz Real’s KlimaVest for the Development of a Pipeline of Large-Scale Solar PV Assets in Germany
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[Frankfurt, September 3rd 2021] AMPYR Solar Europe (“ASE”) and Commerz Real’s KlimaVest signed a strategic co-operation agreement to develop, build and commission a pipeline of large-scale Solar PV projects in Germany. As part of the agreement, AMPYR Solar Europe, will be responsible for developing the projects to Ready-To-Build (“RTB”) status, provide EPC Management services for the construction and commissioning of the plants, and put in place Operations & Maintenance (“O&M”) services for their operations, under KlimaVest’s ownership. The initial portfolio of three solar parks located in Germany will have a combined capacity of ca. 200 MWp. Commenting on the announcement, ASE Executive Chairman Andrew Gould said: “This partnership perfectly exemplifies ASE’s mission to leverage its capability and experience in developing large-scale renewable power projects, to provide institutional investors attractive opportunities to deploy capital and generate stable, reliable, long-term income. We couldn’t be more proud partnering with Commerz Real to jointly contribute towards Germany’s ambitious renewable energy targets”. “We are really happy about this partnership, from the start we had the feeling that there is a really good fit between ASE and Commerz Real. Hopefully this is the first PV pipeline of many, since it is a perfect example for an investment that really creates a positive impact and delivers long term stable returns, just as we promised to our investors in KlimaVest.” Jan-Peter Müller, Head of Infrastructure Investments at Commerz Real About AMPYR Solar Europe Headquartered in London and Maastricht, AMPYR Solar Europe was created through the merger of NaGa Solar with the existing AMPYR Energy UK solar joint venture between AGP Group and Hartree Partners, to create a major European Solar Enterprise with a combined pipeline of over 5GW of large-scale ground-mount and rooftop solar projects in the UK, Germany and the Netherlands. AMPYR Solar Europe brings together AGP’s experience in developing large-scale renewable power projects, Hartree’s cutting edge power trading analytics and zero carbon solutions with NaGa’s in-depth local knowledge and land development capability. Combining these complementary skills will speed up the build out of solar capacity and offers an attractive opportunity for institutional investors to deploy capital. About Commerz Real Commerz Real is a subsidiary of Commerzbank AG with almost 50 years of market experience and approximately 35 billion euros in assets under management. The company combines comprehensive know-how in asset management and extensive structuring expertise to deliver its signature range of services comprising real asset-oriented fund products and bespoke financing solutions.The funds include the open-ended real estate fund Hausinvest, Germany’s first retail impact fund for real assets Klimavest, institutional investment products, as well as entrepreneurial participations under the CFB Invest brand. Commerz Real has already been investing in infrastructure assets for more than 20 years, and in doing so has focused on the three areas transport and mobility, on-grid infrastructure, and energy generation. In total Commerz Real has successfully concluded more than 80 transactions across all three areas. With a transaction volume of about seven billion euros it is one of the largest German asset managers in this segment. The main focus of the transactions in recent years has been on the field of renewable energy. Here Commerz Real manages more than 50 solar power stations and – excluding the Klimavest portfolio – fourteen onshore and offshore wind farms. Their total installed capacity is more than 1 gigawatt, which according to the International Atomic Energy Organisation (IAEO) corresponds to the average output of a nuclear power station. www.commerzreal.com [sz-button title="DOWNLOAD PRESS RELEASE" url="https://www.agpgroup.com/app/uploads/2021/09/Press-Release-030921-AMPYR-Solar-EU-enters-into-Strategic-Partnership-w-Commerz-Real.pdf"]
| 13.09.21
AMPYR Energy and Climate Investor One adds 38 MW of renewable energy capacity in Karnataka
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September 09, 2021 – The Ampyr “Balenahalli” project commenced operations in August 2021, showcasing the resilience of Climate Investor One’s (CI1’s) all-equity financing approach in the face of the pandemic. Climate Fund Managers (CFM) approved a USD ~38 million investment into the project from the CI1 Construction Equity Fund (CEF) in February 2020, with construction beginning in July of that year. By July 2021, the 19 turbines had been erected, with full commercial operation date (COD) reached the following month. The project will generate 287 GWH per year and result in a reduction in emissions equivalent to some 251,948tons of CO2 per annum. CI1 and its project partner AMPYR Energy, an experienced developer in the Indian energy market, are developing a second wind project in the Indian state of Karnataka, the 100 MW “Mangoli” project. This is anticipated to reach equity close in 2022 and will build on the experience gained through the now-operational Balenahalli project. During the project Climate Fund Managers and Ampyr have also been working with Myrada (Mysore Resettlement and Development Agency) to deliver a rural development programme in the local community. Through this work, an integrated programme has been designed which focuses in the first year on water supply and conservation, livelihoods, school sanitation facilities, and provision of drinking water. Core to the design and delivery of these programmes, which CFM runs alongside each CI1 CEF project, is the goal to deliver a focused and lasting impact; a positive legacy that endures. “With AMPYR’s extensive experience in navigating the Indian energy market, and CFM’s all-equity financing approach and technical expertise, the AMPYR project had the agility and flexibility to progress through construction and reach COD entirely during the tumultuous events of COVID-19” stated Tarun Brahma, CFM’s head of Investment. “This is CI1’s first wind project to achieve operational status, marking a significant milestone for the Fund and a proof of concept for our innovative funding model,” he continued. Commenting on the event AMPYR Managing Partner Rajpal Singh Chaudhary added” “we are thrilled to have successfully crossed the finish line with our CFM partners on this landmark project despite the unprecedented challenges. It would not have been possible without the trust and teamwork between us. We are truly humbled by the project’s social and environmental benefits and look forward to continue delivering transformational infrastructure with CFM” About AMPYR Energy AMPYR Energy is the renewable energy platform of AGP Sustainable Real Assets, a Singapore-based investor, asset manager and developer with a strategic focus on developing and operating ‘Sustainable Real Assets’: transformative infrastructure assets that make positive contributions to satisfying the UN SDGs. AMPYR Energy develops, owns, manages construction and operation of renewable energy generation assets, with operations in India, Australia, Continental Europe and the United Kingdom. About Climate Fund Managers CFM is a leading blended finance fund manager dedicated to securing a sustainable future through investing across global emerging markets. CFM has a long-term vision to structure cutting edge financing facilities around thematic areas of climate change mitigation and adaptation, including renewable energy, water, sanitation and oceans, sustainable land use and sustainable cities. Established in 2015, CFM is a joint venture between the Dutch development bank FMO and Sanlam InfraWorks – part of the Sanlam Group of South Africa. Climate Investor One (CI1) is the inaugural facility managed by CFM, focused on providing capital to renewable energy projects in developing countries. CI1 has a focus on Africa, South & Southeast Asia, and Latin America, and uses a whole-of-life financing approach intended to reduce implementation timelines. The facility also enjoys support from the EU through its External Investment Plan, a part of its wider commitment to sustainable development and climate change mitigation, as well as cornerstone support from the Ministry of Foreign Affairs of the Netherlands, the Nordic Development Fund (NDF) and USAIDs Power Africa programme. [sz-button title="DOWNLOAD PRESS RELEASE" url="https://www.agpgroup.com/app/uploads/2021/09/Press-Release-090921-AMPYR-Balenahalli-COD.pdf"]
| 20.07.20
AGP Joins Forces with Hartree Partners and NaGa Solar to Develop Major Solar Enterprise
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February 1st, 2021-Singapore: AGP today announces the creation of AMPYR Solar Europe (ASE), a joint venture with Hartree and NaGa Solar, that will develop at least 4GW of solar projects across the UK, the Netherlands and Germany. ASE brings together AGP’s experience in developing large-scale renewable power projects, Hartree’s cutting edge power trading analytics and zero carbon solutions and NaGa’s in-depth local knowledge and land development prowess. Combining these complementary skills will speed up the build out of solar capacity and offers an attractive opportunity for institutional investors to deploy in excess of €1 billion of capital and generate a reliable, long-term income. [sz-button title="Download Press Release" url="https://www.ampyrenergy.com/app/uploads/2021/02/AGP-AMPYR-PR.pdf" target="_blank"]

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