Carlyle to invest US$374m in developer Amp Energy

Facebook
Twitter
LinkedIn
Reddit
Email
Image: Oregan Department of Transportation/Wikimedia Commons

Private equity group Carlyle is to invest US$374 million in Canadian energy transition platform Amp Energy.

Carlyle Group Partners will use capital from its Infrastructure Opportunity Fund to finance the investment, which Amp chief executive Dave Rogers hopes will speed up the company’s growth strategies this year.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Amp Energy claims to have so far developed more than 1.8 GW of capacity through a combination of utility-scale renewable energy generation, hybrid generation-plus-storage, and energy battery storage in North America, Japan, Australia, Spain and the UK. The company said in a statement the investment will be used to facilitate new business within its core markets.

Carlyle has backed several solar projects in the past year. It invested US$100 million in a partnership with Missouri’s Alchemy Renewables in January to finance and construct a string of solar projects across the US. Then in August, the private equity giant acquired a solar project portfolio in Maine with 100MW capacity in a deal worth more than US$130 million.

Pooja Goyal, head of Carlyle's renewable and sustainable energy team and co-head of the company’s infrastructure group called Amp Energy’s portfolio an “attractive investment opportunity”.

“We see significant value in working with proven management teams through differentiated development platforms with significant global reach,” she said.

Rogers said Carlyle's “extensive global experience and network” will help expedite Amp’s growth strategies.

7 October 2025
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 7-8 October 2025 is our third PV CellTech conference dedicated to the U.S. manufacturing sector. The events in 2023 and 2024 were a sell out success and 2025 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.
21 October 2025
New York, USA
Returning for its 12th edition, Solar and Storage Finance USA Summit remains the annual event where decision-makers at the forefront of solar and storage projects across the United States and capital converge. Featuring the most active solar and storage transactors, join us for a packed two-days of deal-making, learning and networking.
16 June 2026
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 16-17 June 2026, will be our fifth PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2027 and beyond.

Read Next

Premium
July 3, 2025
Meeting the UK’s solar targets will not simply require the installation of new capacity, but investment in grid infrastructure and training.
Premium
June 27, 2025
PV Talk: '2024 was a transformational year in terms of energy policy,' says Monika Paplaczyk ahead of this year's Clean Power 2030 Summits.
June 27, 2025
Japanese power company Jera has formed a joint venture (JV), MUJI Energy, with Japanese retailer Ryohin Keikaku to develop solar PV projects.
June 25, 2025
Australia’s National Electricity Market (NEM) achieved a new record high for solar PV and wind generation at 12,463MW.
June 24, 2025
Imbalances in investment mean that action will be needed if the solar industry is to help meet the world’s climate change targets.
June 19, 2025
Boralex is driving organic growth across Canada, the US, France, and the UK, fueled by a project pipeline totalling 8GW.

Subscribe to Newsletter

Upcoming Events

Media Partners, Solar Media Events
September 2, 2025
Mexico City, Mexico
Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 22, 2025
Bilbao, Spain
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK