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AMPYR Solar Europe obtains a 400 million euro loan

AMPYR Solar Europe secures 400 million euro loan from CarVal Investors

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AMPYR Solar Europe (ASE) obtains a 400 million euro loan from CarVal Investors. The loan is intended to support the construction of over 2 GW of European solar photovoltaic capacity by 2025.

ASE aims to be one of the largest solar manufacturers in Northern Europe by 2025

Once fully deployed, production is set to rank among the largest solar platforms in Northern Europe.The recent gas crisis in Europe highlights the need for a renewable energy transition.

André Gould, Executive Chairman of ASE, comments: “With the support of CarVal as a financial partner, we are well on the way to transforming our fast-growing pipeline into a portfolio of large-scale solar power generation assets, which will make a significant contribution to Europe’s energy transition”.

This initial development of 2 GW is an important part of ASE’s ambition.
Ultimately, the company hopes to deploy 5 GW of solar projects in north-western Europe. The first solar power plants are due to come on stream by the end of the year.

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