Amp Closes C$200 Million Financing with ZOMA Capital to Fund Continued Growth
Oct 11, 2018, 08:00 ET
TORONTO, Oct. 11, 2018 /PRNewswire/ - Amp Solar Group ("Amp"), a leading global developer of flexible clean energy infrastructure, announced today that it has closed C$200 million financing led by Colorado-based ZOMA Capital in order to continue the development, acquisition and build out of clean energy infrastructure assets in its core markets. PLEXUS Solutions acted as structuring and financial consultant on behalf of ZOMA Capital.
Since its inception in 2009, Amp has successfully grown a portfolio of over 700MW of distributed generation and utility scale energy projects. Amp continues that growth with a development pipeline of over 2GW of projects in some of the world's most attractive power markets, including North America, Japan, Australia and India.
"We are very pleased to partner with ZOMA Capital to continue to drive our growing development platform," said Dave Rogers, President and CEO of Amp. "This financing validates Amp's position as a market leader, and allows us to accelerate our strong growth trajectory. We are proud of Amp's proven track record, our world-class team and that our success means firms like ZOMA Capital want to be a part of our future."
"Amp's efforts to transform the energy economy align with our dedication to investing in a more efficient, responsive, and modernized electric grid," said Melissa Cheong, Chief Investment Officer of ZOMA Capital. "ZOMA is excited to support the team at Amp, who we believe will bring great renewables project development experience and expertise across geographies."
Amp is a global developer of flexible clean energy infrastructure. We develop, own and operate clean energy assets both behind and in front of the meter. Our solutions allow us to provide dispatchable, affordable and resilient clean power to enhance system reliability and security for our customers and the grid.
Based in Canada, with operations in North America, Japan, India and Australia, our international team brings deep finance and development expertise as well as thought leadership to every aspect of the energy industry.
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About ZOMA Capital
ZOMA Capital invests in a broad range of market-based sustainable solutions advancing energy, water and regional economic resiliency. Its global investment portfolio spans multiple asset classes and sectors with an emphasis on addressing environmental and social challenges. To learn more, visit https://ZOMAlab.com/ZOMA-capital/.
About PLEXUS Solutions
PLEXUS provides Financial Asset Management, Consulting and Advisory services to clients in the Sustainability, Energy, Power and Storage industries. Led by Angel Fierro and Rory Meyers, the team's core focus is analyzing, evaluating and implementing capital solutions for Project Developers, Manufacturers, Institutional Investors, Family Office Funds and Service Providers. PLEXUS is based in New York and San Francisco. More information is available at www.plexussolutions.services.
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