[22nd June 2022]

• Agreement for construction of solar projects with total capacity of 200 MWp signed between AMPYR Solar Europe (ASE) and BELECTRIC
• Solar farms to be set up in Brandenburg are developed by ASE, with EPC works to be executed by BELECTRIC
• BELECTRIC and AMPYR Energy’s Global Centre of Excellence New Delhi to collaborate on engineering design and supply chain management for these projects

Kolitzheim (Germany) / London (United Kingdom) – AMPYR Solar Europe (ASE) and BELECTRIC agree to install a pipeline of more than 200 megawatts (MW) of solar capacity in Germany. The first power plants to be constructed are located in Brandenburg, Germany. AMPYR and BELECTRIC signed a framework agreement to construct a pipeline of several large-scale projects in Germany within the next two years. “We are pleased to have a strong partner like BELECTRIC who brings in extensive experience in large-scale solar plant construction, operations & maintenance. We are particularly excited about collaboration in engineering and supply chain management within teams at BELECTRIC and AMPYR’s Global Technical Centre (AMPYRTech), to bring in the latest solar PV technology, while at the same time navigating the supply chain volatility“, says Tarun Agrawal, Partner at AGP Group (AMPYR Energy). Two of the solar farms to be constructed are located in Brandenburg. The largest solar farm will have an installed capacity of 85 MWp. The second plant will consist of six sub areas which together make for a total capacity of 65 MWp. This project is especially challenging as a 25 km long line as well as a substation need to be built. Construction works for the two solar farms are expected to begin by the end of the year 2022. Dr. Thorsten Blanke, CEO of BELECTRIC GmbH, explains: “Our framework agreement with AMPYR is a great basis to implement further German projects in the future. We are delighted to expand our collaboration.” 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 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. BELECTRIC is one of Europe's leading EPC service providers in the development, construction and operation of solar power plants. The solar energy specialist looks back on more than 20 years of experience in power plant construction and has built over 4 gigawatts of capacity worldwide. BELECTRIC is a member of Elevion Group. Elevion Group BV is one of Europe’s leading energy service providers in the field of modern energy solutions that focus on sustainability and climate neutrality. Elevion Group belongs among Germany’s market leaders in this segment. The group currently is comprised of approximately 60 consolidated companies and employs more than 4,700 people in twelve countries – in addition to Germany, these include the Netherlands, Austria, Italy, Hungary, Poland, Romania, and China.

AMPYR Solar Europe (ASE), a pan-European solar developer, and Edinburgh Airport Limited today announce the signing of a deal to develop a new solar farm linked with battery technology and electric vehicle charging infrastructure at Scotland’s busiest airport. Under the agreement, ASE along with its local construction partner, Absolute Solar & Wind will build approximately 9MW of solar PV, 1.5MW of battery storage and 40 EV charging points. The large ground-mounted solar PV system and battery will be situated next to the runway on a 16-acre plot of land, connected to the airport via a high voltage private wire network. The development will be a cornerstone of Edinburgh Airport’s goal to achieve Net-Zero by 2040 by generating clean, renewable energy that will cover about 30% of the airport’s total consumption. “Our commitment to a net zero future is underpinned by the various strands of work we have going on across the airport as part of our Greater Good sustainability strategy and one of the most visible projects will be this solar farm,” said Gordon Dewar, Edinburgh Airport’s Chief Executive. “We are happy to confirm our partners in this exciting step and our collaboration will enable us to implement this technology and allow us and Scotland to benefit from it as soon as possible.” The project is in the late stage of design, with construction planned to start this summer and be fully operational by the start of next year. “We are really pleased to be partnering with Edinburgh Airport on this important step towards a net-zero future and in support of its impressive “Greater Good” sustainability strategy,” said Andrew Gould, Executive Chairman of ASE. “Edinburgh Airport’s leadership shows a way forward to zero carbon for the airport sector. This is the first of ASE’s five renewable energy projects in Scotland to reach the delivery stage: the commitment and support of the Scottish Government and its strong policy position on climate change is clearly attractive to international investment.” Edinburgh Airport will purchase the power produced by the solar farm through a long-term Power Purchase Agreement with ASE. This PPA will generate long-term energy and carbon savings for the airport. “We are delighted to support Edinburgh Airport with its ongoing drive to reduce its carbon impact,” said Matthew van Staden, Senior PPA Originator at Hartree Partners. “Through our expertise within Hartree and AMPYR Solar Europe, we can drive and deliver innovative energy solutions for companies within energy-intensive sectors. Our understanding of sustainable generation and commercially viable strategies in this space helped bring this project to life for Edinburgh Airport.” The construction is further supported by the Scottish Government’s Low Carbon Infrastructure Transition Programme, which have provided a grant for a portion of the capital expenditure. “We are proud to be delivering this pioneering project and helping to decarbonise Edinburgh Airport alongside our funding partners ASE and the Edinburgh Airport project team,” said Tom Newall, Managing Director at Absolute Solar & Wind. “The co-location of utility scale battery storage and solar PV has enabled us to maximise the green energy generation on site whilst working with the grid connection constraints. We look forward to entering the construction phase before progressing to carry out the operation, maintenance and optimisation of the system, as it generates clean power for years to come, providing energy security for a major, Scottish transport hub.” About EAL Edinburgh Airport is Scotland’s busiest airport, welcoming more than 14.7 million people through the doors in 2019. It is also the 6th busiest airport in the UK. As the place where Scotland meets the World, we fly to more than 150 destinations and work with 40 airlines to welcome people to Scotland and take Scotland to the world. Edinburgh Airport is owned by Global Infrastructure Partners (GIP), a leading global, independent infrastructure investor. https://corporate.edinburghairport.com/ About AMPYR Solar Europe Headquartered in London and Maastricht, AMPYR Solar Europe (“ASE”) was created through the merger of NaGa Solar with the existing Ampyr Energy UK solar joint venture between AGP and Hartree Partners, to create a major European Solar Enterprise with a combined pipeline of over 5GW of large-scale solar projects in the UK, Germany and the Netherlands. ASE 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. https://www.ampyrenergy.com/global-reach-europe/ About Hartree Partners Hartree Partners is a global energy and commodities trading company, with decades of experience in the physical and financial energy and commodities markets. Hartree is at the forefront of finding investment solutions, consulting, and generating sustainable and commercially viable strategies for energy renewal and regeneration. The company has an extensive portfolio including midstream natural gas, oil assets, power generation, renewables, and environmental products. Hartree’s rigorous research, analytical approach, and entrepreneurial culture have contributed to its strong track record and growth. www.hartreepartners.com About Absolute Solar & Wind Absolute Solar and Wind is a leading renewable energy solutions specialist providing design, installation and maintenance services for commercial, industrial and utility energy projects, primarily in the solar sector. Established in 2007, the business is headquartered in Loch Lomond, Scotland, but serves customers and projects throughout the UK. Absolute focuses on integrating commercial scale renewable generators to supply on site loads for high energy users. This involves working on sensitive and secure live sites with complex grid connection or private wire arrangements. https://www.absolutesolarandwind.co.uk/ About LCITP funding The project benefits from receiving a grant from the Low Carbon Infrastructure Transition Programme (LCITP) that supports Scotland’s transition to a low-carbon economy. The programme endeavours to create the conditions that attract commercial investment in innovative low-carbon infrastructure projects. It also aims to contribute towards reducing Scotland’s greenhouse gas emissions. https://www.gov.scot/policies/renewable-and-low-carbon-energy/low-c arbon-infrastructure-transition-programme/ [sz-button title="Download Press Release" url="https://www.ampyrenergy.com/app/uploads/2022/03/ASE-EAL-Press-Release.pdf" target="_blank"]  

[London, 16 February 2022] AMPYR Solar Europe LP (“ASE”), a pan-European solar IPP established by AGP Sustainable Real Assets, Hartree Partners and NaGa Solar, today announced the closing of a € 400 million facility with CarVal Investors to support ASE’s plans to bring over 2GW of solar power capacity into operation by 2025. “One year after its inception, we couldn’t be more proud to have reached this key milestone in ASE’s journey to become a leading European solar IPP,” said Andrew Gould, Executive Chairman of ASE. “With the support of CarVal as our capital partner, we are on a steady path to turn our fast-progressing pipeline into a portfolio of large-scale solar power producing assets, that will contribute meaningfully to Europe’s energy transition.” CarVal has made available an initial tranche of € 250 million as well as a further incremental tranche of € 150 million. This facility will predominantly cover the construction costs of solar assets as well as providing some  development capital and operational expenses. The initial focus will be on sites in Germany, Netherlands, and the UK with the facility having the potential to extend to other European jurisdictions as well as allowing for funding of energy storage projects. “We are excited to have ASE as one of our partners as we expand our footprint in the rapidly evolving clean energy transition,” said Jonathan Hunt, Managing Director at CarVal Investors. “We view the breadth of skills and track record of the team as market leading and look forward to funding their growth. The capital-intensive nature of the clean energy transition means that partnerships like this remain one of the largest opportunity sets for CarVal.” ASE expects to break ground on its first projects in the second quarter of this year and be operational by the end of the year. By 2025, once fully deployed, the generating portfolio is expected to be among some of the largest utility scale solar platforms in Northern Europe. “This transaction is yet another testament to the increasing investor engagement on the climate crisis, which cannot be resolved without massive private capital contribution,” said Elmahdi Tahri, AGP Partner and Global CIO of AMPYR Energy. “We are pleased to partner with CarVal Investors to help accelerate the transition to a zero-carbon Europe, and look forward to replicating this model across AMPYR Energy’s renewable platforms globally.” The recent gas crisis in Europe has highlighted the urgent need for more renewable energy sources to reduce the continent’s dependency on gas and other fossil fuel sources. This initial 2GW development forms a significant part of ASE’s overall ambition to roll out 5GW of large-scale solar projects in Northwest Europe. “Volatile and competitive power markets increasingly require solar developers to optimise between long-term power purchasers, the grid and storage assets,” said Abraham Kozhipatt, Partner and Co-Head of Renewable Infrastructure Assets at Hartree Partners. “ASE combines the partners’ strengths in asset development and merchant market risk management and we are delighted that CarVal recognise and support our strategy.” Akereos Capital acted as sole bookrunner, structurer and exclusive debt advisor to AMPYR that was also advised by Reed Smith (legal). CarVal was advised by Norton Rose Fulbright (legal), ARUP (technical) and Baringa Partners (commercial). [sz-button title="download press release" url="https://www.ampyrenergy.com/app/uploads/2022/02/ASE-CarVal-Press-Release.pdf"]