(Bloomberg) -- Carlyle Group Inc. has committed $374 million in equity capital to Amp Solar Group Inc., a Canada-based global renewables developer.
The investment is intended to spur growth in North America, Japan, Australia, Iberia and the U.K., according to a statement. Terms of the deal weren’t disclosed.
The investment comes as more countries prioritize clean electricity to address climate change. But renewables development has sometimes been dictated by government policy, meaning some markets move faster than others.
Amp’s focus on OECD countries enables the firm to pivot quickly when one market gets crowded, said Pooja Goyal, head of Carlyle’s renewable and sustainable energy team and co-head of its infrastructure group, in an interview. “We really like the flexibility that they have.”
Amp has developed more than 1.8 gigawatts of renewables projects. Goyal expects the company to complete another 2 gigawatts of solar and more than a gigawatt-hour of battery storage by the end of 2023.
Capital for the deal comes from Carlyle’s global infrastructure opportunity and renewable & sustainable energy funds.
©2021 Bloomberg L.P.
Últimas Noticias
Debanhi Escobar: they secured the motel where she was found lifeless in a cistern
Members of the Specialized Prosecutor's Office in Nuevo León secured the Nueva Castilla Motel as part of the investigations into the case
The oldest person in the world died at the age of 119
Kane Tanaka lived in Japan. She was born six months earlier than George Orwell, the same year that the Wright brothers first flew, and Marie Curie became the first woman to win a Nobel Prize
Macabre find in CDMX: they left a body bagged and tied in a taxi
The body was left in the back seats of the car. It was covered with black bags and tied with industrial tape
The eagles of America will face Manchester City in a duel of legends. Here are the details
The top Mexican football champion will play a match with Pep Guardiola's squad in the Lone Star Cup
Why is it good to bring dogs out to know the world when they are puppies
A so-called protection against the spread of diseases threatens the integral development of dogs
