AMPYR Solar Europe completes acquisition of 390 MWp solar PV with BESS portfolio across UK
AMPYR Solar Europe has completed the acquisition of a 390 MWp solar photovoltaic with battery energy storage system (BESS) portfolio from Tyler Hill comprising sites across the UK.
The five projects are grid secured and are in the process of being submitted for planning approval. AMPYR Solar Europe will develop the assets in partnership with Tyler Hill through to “ready-to-build” status, and begin construction in 2024. In parallel, AMPYR Solar Europe’s in-house Power Purchase Agreement (PPA) team will source long-term power off-takers for the renewable power produced by these projects. The projects are located in Somerset, Worcestershire, and County Durham, in addition to a Nationally Significant Infrastructure Project (NSIP) in Moray, Scotland.
Law firm Burges Salmon provided legal assistance to AMPYR Solar Europe on the deal.
Following this acquisition, AMPYR Solar Europe will have a development pipeline of over 1.8 GWp in the UK and an aggregate pipeline of close to 7 GWp including Germany and the Netherlands.
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