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ADE-Press-Release-1
| 16.01.24
Launch of AMPYR Distributed Energy to deliver clean energy solutions for the UK & Europe
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Initial capital commitment of up to £100m for AMPYR Distributed Energy to develop, fund, own and operate sustainable energy assets for business customers in the UK and Europe

LONDON, 16th January 2024 – AGP Sustainable Real Assets (“AGP”), the Singapore-headquartered infrastructure development and asset management group, today announced the launch of AMPYR Distributed Energy (“ADE”), a new business focussing on the development, ownership and operations of B2B energy infrastructure in Europe. ADE will simplify the transition to net zero for business customers through the addition of rooftop solar PV, energy efficiency, and energy storage solutions. Backed by a significant commitment from AGP, ADE will accelerate the flow of capital into distributed energy projects in the UK and Europe. It will provide innovative financing for business customers, delivering clean energy solutions with no upfront cost. The launch of ADE in Europe expands the existing AGP portfolio of energy transition businesses in Australia, Asia, and the USA. The creation of ADE builds on the success of OME Capital (“OME”) in establishing the initial platform with a highly experienced management team and a growing development pipeline across multiple target markets. ADE will be led by John Behan, founder of OME and CEO of newly formed ADE. Behan said, “OME was established to bring together an experienced management team, a material project pipeline and capital behind a clear distributed energy strategy. The launch of ADE demonstrates that plan in action and I’m excited to work with AGP. They’re a leader in the energy transition and understand the operational requirements to build and scale the platform.” The expansion of clean distributed energy solutions underpins commitments by the UK and EU governments to achieve Net Zero by 2050. Customer demand is being driven by energy price increases, sustainability mandates, new reporting requirements, and concerns about security of power supply. Behan added, “We know that businesses are struggling with the cost and complexity of decarbonisation. Our innovative funding solutions and energy expertise mean that we can make it simple – and profitable – for our customers to go green now.” Rajpal Chaudhary, AGP Partner, said, “The European market is forecast to be one of the largest distributed energy markets in the world within the next five years. Investors recognise the growth opportunity from distributed energy, as well as the strong regulatory tailwinds. This makes scalability in the sector achievable, with attractive opportunities for investors to deploy material capital. Leaning on our experience and expertise in similar businesses in Australia and India and investing in a strong management team led by John Behan, we are confident that AMPYR Distributed Energy is well positioned for 2024 and beyond.” About AMPYR Distributed Energy AMPYR Distributed Energy (ADE), a subsidiary of AGP Sustainable Real Assets, designs, builds, owns, and operates clean energy technologies that help its customers go green and reduce their energy costs. ADE delivers sustainable infrastructure solutions with no upfront expenditure, offering innovative financing options for business customers. ADE's design-and-build capabilities make it simple for customers to reduce their carbon footprint, and its ongoing management services deliver reliable clean energy for the long-term. ADE is an important step in building a European footprint in a global distributed energy business. For more information, please visit www.ampyrde.com. About AGP Sustainable Real Assets AGP Sustainable Real Assets is an infrastructure development and asset management group, investing in, developing, and operating sustainable infrastructure. AGP exclusively invests in sustainable real assets across three key investment themes - Power, Shelter and Natural Capital. AGP established AMPYR Energy, its global renewable energy platform, to power the future and respond to the rapid changes in the energy sector worldwide. With operations and assets in Europe, India and Australia, AMPYR Energy provides low-cost renewable power, battery storage and other network and non-network solutions to customers. For more information please visit: www.agpgroup.com and www.ampyrenergy.com. About OME Capital OME Capital is an investment platform that focused on building a distributed energy business for large scale investors. For more information, please visit www.omecapital.com. [sz-button title="Download Press Release" url="https://www.ampyrenergy.com/app/uploads/2024/01/16012024-AMPYR-Distributed-Energy-ADE-Press-Release-Final-Release.pdf"]
| 03.11.23
AGP Sustainable Real Assets Announces Strategic Investment from Stonepeak
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SINGAPORE & NEW YORK – November 3, 2023 – AGP Sustainable Real Assets (“AGP”), a Singapore-based global infrastructure and real assets developer and operator, today announced a strategic, preferred investment from Stonepeak, a leading alternative investment firm specializing in infrastructure and real assets. As a strategic capital partner, Stonepeak will bring valuable expertise to the AGP management team, and help to accelerate the growth of AGP’s portfolio across business verticals including energy transition and sustainable community infrastructure across housing, logistics, and data.  The partnership also gives Stonepeak the opportunity to invest across new markets and sectors with a trusted local partner. Together, Stonepeak and AGP will work to further AGP’s mission to build real assets that enable a sustainable and net zero emissions future. Ben Salmon, AGP Partner, commented: "This strategic investment represents a pivotal milestone in AGP's journey. We are thrilled to be working with such a high caliber partner in Stonepeak and foresee this investment as a powerful catalyst for our forward trajectory. AGP is committed to reshaping the landscape of infrastructure development. Our aim is to seamlessly integrate energy and community infrastructure, developing innovative sustainable solutions that meet society’s evolving needs.” Hajir Naghdy, Senior Managing Director at Stonepeak added: “We look forward to partnering closely with AGP’s management team, who has over 20 years of experience, on the development, construction, and operation of sustainable infrastructure. AGP’s global energy transition portfolio, logistics and community housing platform in India, and data center joint venture with Stonepeak’s existing portfolio company, Digital Edge, are directly aligned with Stonepeak’s key verticals. The opportunity to invest in sustainable asset creation and the exposure across multiple geographies make this partnership a strong fit for Stonepeak’s Asia infrastructure strategy.” Elmahdi Tahri, AGP Partner and CIO of AMPYR Energy Global, AGP’s global renewable energy platform, added: “In Stonepeak we have found a unique like-minded partner able to support our energy transition mission across our entire footprint. We are excited to take AMPYR’s decarbonisation contribution to new heights alongside Stonepeak.” The investment is expected to close in Q4 2023 subject to satisfaction of customary closing conditions. Sidley Austin LLP is serving as legal counsel to Stonepeak, and Clifford Chance LLP is serving as legal counsel to AGP. About AGP Sustainable Real Assets Headquartered in Singapore, AGP invests in, develops and operates sustainable real assets across three key investment themes: renewable energy, infrastructure and communities, and natural capital.  AGP’s mandate is to promote real assets that generate positive impact for people and the environment, by focusing on ‘Sustainable Real Assets’: transformative infrastructure assets that make positive contributions to satisfying the UN SDGs. AGP is presently developing, constructing, delivered and/or operating globally an aggregate portfolio of over 12GW of renewable energy assets, 5msqft of modern logistics warehousing, 310MW of datacenter capacity, and 20msqft of community housing. For more information, please visit www.agpgroup.com and www.ampyrenergy.com. About Stonepeak Stonepeak is a leading alternative investment firm specializing in infrastructure and real assets with approximately $57.1 billion of assets under management. Through its investment in defensive, hard-asset businesses globally, Stonepeak aims to create value for its investors and portfolio companies, and to have a positive impact on the communities in which it operates. Stonepeak sponsors investment vehicles focused on private equity and credit. The firm provides capital, operational support, and committed partnership to sustainably grow investments in its target sectors, which include communications, energy and energy transition, transport and logistics, social infrastructure, and real estate. Stonepeak is headquartered in New York with offices in Hong Kong, Houston, London, Singapore, and Sydney. For more information, please visit www.stonepeak.com. [sz-button title="Download Press Release" url="https://www.ampyrenergy.com/app/uploads/2023/11/AGP-Sustainable-Real-Assets-Announces-Strategic-Investment-from-Stonepeak.pdf"] Contacts AGP Sustainable Real Assets CHIA Hui Kheng Citigate Dewe Rogerson huikheng.chia@citigatedewerogerson.com +65 6589 2361   Stonepeak Kate Beers / Maya Brounstein Corporate Communications corporatecomms@stonepeak.com +1 (212) 907-5100
| 09.11.23
AMPYR Solar Europe and Multiplex Sign PPA for Solar Power Station in Norfolk
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[London - November 9th 2023] AMPYR Solar Europe is pleased to announce it has partnered with Multiplex via a Power Purchase Agreement (PPA) for the Northwold Solar PV Generating Station in Norfolk, a deal which will help Multiplex take a step closer to achieving its net zero onsite emissions target by 2025. Built and operated by AMPYR Solar Europe (ASE), the solar power station will cover a total area of c.a. 40 acres and is expected to produce more than 9,000 MWh of green energy annually – enough to power the equivalent of over 2,100 homes. It will displace 2,850 tons of CO2 each year compared to traditional energy production. This agreement plays a pivotal role in Multiplex's sustainability journey, in line with its 'One Decade to Act' commitment launched in 2021. The initiative outlines the actions Multiplex will undertake to drastically cut its carbon emissions and reach its climate target of net zero carbon by 2025. Steve Mason, Chief Commercial Officer at AMPYR Solar Europe commented: “AMPYR Solar Europe continues its journey towards becoming a leading European IPP with world class assets in the UK, as well as in Germany and the Netherlands. I am pleased that this transaction builds on the capabilities of the commercial team at AMPYR Solar Europe. We are proud to be able to offer innovative PPA products, providing offtakers with the price and supply certainty they require to meet their sustainability goals. ASE is also delighted to support Multiplex with its ongoing 'One Decade to Act' commitment.” Following Multiplex’s commitment to a Renewable Energy Power Purchase Agreement in 2021, the first of its kind for construction in the UK, this deal will allow Multiplex to procure renewable electricity from this new-build solar PV project, meaning it will be considered additional. This ensures that Multiplex’s procurement of renewable energy directly leads to verifiable emission reduction and more renewable energy production, supporting the UK's national decarbonisation goals. "At Multiplex, we are committed to making a lasting difference in the environment, for individuals, and for communities," said Tom Marke, Business Performance Director at Multiplex. "This agreement marks significant progress in our efforts to reduce our carbon emissions and contribute to the industry's journey towards decarbonisation." The solar power station is expected to be fully operational by Q4 2024 and will provide renewable energy to Multiplex's construction sites and offices across the UK. About AMPYR Solar Europe Headquartered in London, with offices in Maastricht, Utrecht, Frankfurt and Berlin, AMPYR Solar Europe is an Independent Solar Developer and IPP with in-house end-to-end capability across Asset Development, Financing, Construction, Operations and Power Sales. AMPYR Solar Europe’s unique platform benefits from a highly experienced sponsor group: AGP Sustainable Real Assets brings extensive experience in establishing and operating GW scale renewable platforms; Hartree Partners’ cutting-edge power trading analytics and zero-carbon solutions; as well as NaGa Solar’s in-depth local knowledge and land development capability. For more information, visit: www.ampyrsolareurope.com About Multiplex Multiplex is a leading international contractor with a focus on sustainable growth and a presence in Europe, Canada and Australia. They have been bringing large-scale, complex structures to life for over 60 years. Established in the United Kingdom in 1999, Multiplex has a proven track record of delivering high quality, iconic projects. They have built a reputation in the marketplace for their collaborative, flexible approach – starting with the end in mind, working in partnership with their clients, and maintaining a shared focus on the final goal. Their current workbook across a diverse range of sectors reflects their strong reputation, which has resulted in a high proportion of repeat business. Multiplex is backed by the financial stability and global relationships of their parent company, Brookfield, which supports their continued growth. For more information, visit: www.multiplex.global/uk For more information Steve Mason +44 (0)7775 597257 smason@ampyrsolareurope.com Cyrus Dadachanji +44 (0)7544871017 cdadachanji@ampyrsolareurope.com [sz-button title="download press release" url="https://www.ampyrenergy.com/app/uploads/2023/11/Updated-PR-Ampyr-Multiplex-V9.pdf"]

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