Ampliform secures $165mn loan to accelerate US solar projects

US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.

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Utility-scale solar developer Ampliform has closed a financing agreement with Copenhagen Infrastructure Partners totalling up to $165mn. The investment is structured through the Green Credit Fund I (CI GCF I), which targets energy infrastructure in the development phase. The capital will be used to support construction and key pre-construction activities for multiple solar projects across the United States.

Targeted deployment across regional markets

The funding will primarily support Ampliform’s near-term portfolio located within the PJM Interconnection zone, which serves 13 US states and Washington D.C. The company is also planning investments across other regional grid markets such as MISO (Midcontinent Independent System Operator) and NYISO (New York Independent System Operator), reinforcing its growth strategy in several key US energy markets.

Carl Jackson, founder and Chief Executive Officer of Ampliform, said the funding represents a major milestone for the company. He stated that the financing will “significantly accelerate our growth” by strengthening available resources for priority project construction.

Structured debt financing for energy development

CI GCF I, which closed with total commitments of approximately $1.1bn (EUR1bn), is part of Copenhagen Infrastructure Partners’ broader suite of development-focused energy infrastructure funds. The fund delivers private debt solutions dedicated to sustainable energy projects globally.

Reiner Boehning, Partner at Copenhagen Infrastructure Partners, said the partnership with Ampliform addresses increasing power demand in several US regions. He noted that both entities bring complementary expertise to support the deployment of new energy supply.

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