Ampliform, a developer based in Ardmore, Pennsylvania, has secured a loan of up to $165 million from Copenhagen Infrastructure Partners (CIP) through its Green Credit Fund I. This financing marks a significant advancement in the company’s strategy to expand its solar portfolio across the United States. Ampliform aims to accelerate the development and construction of solar facilities, particularly focusing on projects within the PJM grid, which serves 13 states and Washington, D.C.
“This financing marks a pivotal moment for the company,” stated Carl Jackson, founder and CEO of Ampliform. He emphasized that the secured capital will provide crucial resources to speed up growth. Ampliform plans to partner closely with CIP to fund the construction of its near-term portfolio and support key development activities for flagship projects across PJM, as well as other markets including MISO and NYISO.
Growing Demand for Renewable Energy
The financing arrives at a time when demand for renewable energy infrastructure is surging. Factors such as increased electricity consumption driven by data centers, manufacturing, and electric vehicle production underscore the need for robust renewable energy solutions. Ampliform’s pipeline includes several utility-scale solar installations aimed at enhancing regional grid reliability and meeting long-term clean energy targets.
“We are thrilled to be partnering with the Ampliform team as they develop new energy supply to support economic growth and technological advancements,” commented Reiner Boehning, Partner at CIP. He noted that both CIP and Ampliform are well-positioned to address the rising power demand in various regions of the United States.
Investment in Clean Energy Infrastructure
CIP’s Green Credit Fund I has successfully raised approximately $1.1 billion (EUR 1 billion) at its final close, providing private debt to renewable energy developers globally. This fund is part of CIP’s broader strategy aimed at financing early-stage clean energy projects. The partnership between Ampliform and CIP reflects Pennsylvania’s increasing role in the transition to clean energy and indicates a renewed investment momentum in U.S. renewable infrastructure.
As developers work to meet the accelerating demand for energy, this collaboration positions Ampliform at the forefront of the clean energy movement in the country. The investment from CIP demonstrates the financial community’s commitment to supporting sustainable infrastructure as economic and environmental needs evolve.
