Fiera Infrastructure Inc., an affiliate of Fiera Capital Corp., and Palisade Infrastructure Group, have jointly acquired 100 percent of the equity interests in Amp U.S. Primary Holdings Inc., a U.S.-based renewable energy generation and battery storage business from Amp Solar Group Inc., a Canadian-based global energy transition platform.
Amp U.S. is a developer, owner and operator of U.S. community solar and storage projects. With headquarters in Denver, Colo., the company has a portfolio with a generation capacity of approximately 200 MWdc across 39 operating or under-construction projects. Fiera Infrastructure and Palisade Infrastructure aim to continue to support the company’s strategy to develop, own and operate its growing portfolio and bring the benefits of solar generation and battery storage to local communities across the U.S., including low-to-moderate income households and housing authorities.
There is growing subscriber demand and policy support nationwide for community solar programs, which provides strong tailwinds for Amp US to build out its diversified project pipeline across the country,” states Mike Reynolds, managing director, Americas of Palisade Infrastructure. “We are excited to invest in and support the management team and look forward to maintaining an ongoing relationship with the global Amp Energy platform.”
Macquarie Capital acted as financial advisor and DLA Piper LLP US acted as legal advisor to Fiera Infrastructure and Palisade Infrastructure on the transaction. KeyBanc Capital Markets acted as financial advisor and Milbank as legal advisor to Amp Energy on the transaction.