AMPYR, Harvest Green Forge £10M Solar Partnership

• AMPYR and Harvest Green's £10M deal powers UK businesses with affordable solar energy, slashing costs and carbon footprints through innovative PPAs.

AMPYR Distributed Energy has partnered with Harvest Green Developments in a £10-million deal to finance solar and energy storage projects in the UK. The agreement, signed on August 22, 2024, aims to make renewable energy more accessible and affordable for British businesses through long-term power purchase agreements (PPAs) that eliminate upfront costs. ADE will own the systems and sell electricity back to businesses at fixed, inflation-linked rates, offering energy savings of 10-20% compared to grid tariffs and reducing carbon footprints significantly.

The partnership allows ADE to acquire Harvest Green’s 1.4-MWp solar portfolio, providing an immediate revenue stream and access to a pipeline of projects. Backed by AGP Sustainable Real Assets, ADE plans to deploy over £300 million across Europe by the decade's end. The collaboration aligns with the UK’s push to decarbonize its commercial and industrial sectors, which account for a third of national power demand. AMPYR and Harvest Green aim to commission their first joint sites by year-end and expand capacity by several dozen megawatts annually.

How will AMPYR and Harvest Green's partnership impact UK renewable energy accessibility?

• The partnership will enhance renewable energy accessibility by providing businesses with long-term PPAs, eliminating the need for upfront capital investment.
• By offering fixed, inflation-linked rates, the partnership ensures predictable energy costs, making renewable energy more financially viable for businesses.
• The collaboration will lead to significant energy savings for businesses, estimated at 10-20% compared to traditional grid tariffs.
• The acquisition of Harvest Green’s solar portfolio provides an immediate boost to renewable energy capacity, accelerating the transition to cleaner energy sources.
• The partnership supports the UK’s decarbonization goals by targeting the commercial and industrial sectors, which are major energy consumers.
• The planned expansion of several dozen megawatts annually will contribute to a substantial increase in the UK’s renewable energy capacity.
• The backing by AGP Sustainable Real Assets provides financial stability and the potential for large-scale deployment of renewable projects across Europe.
• The partnership will likely stimulate further investment and interest in the UK renewable energy market, encouraging more businesses to transition to sustainable energy solutions.