Distributed energy investor-operator Ampyr Distributed Energy (ADE) has acquired Shawton Energy, a provider of solar energy solutions to UK businesses.
The deal means that ADE now owns and operates a portfolio of renewable energy assets totaling more than 100 MW of contracted capacity across more than 150 locations.
Shawton took over a 50% investment in 2023 from Lazard Asset Management, which sold its stake with this dela. Since that investment, Shawton has completed several rooftop solar projects under power purchase agreements (PPA). signed a virtual PPA for the 8.6 MWp grid-scale Point Lane solar farm project in Pembrokeshire.
This marks ADE’s second acquisition in the UK commercial and industrial (C&I) solar sector this year bought C&I developer Eden Sustainables in June. It was the month before secured a £170 million debt facility from Crédit Agricole CIB to finance its growth.
ADE was launched in January 2021 by Singapore-based infrastructure investor AGP Sustainable Real Assets. It invests in distributed C&I-located solar assets and provides PPAs to companies. It is mainly active in Britain, but earlier this year made plans to expand into Germany with the appointment of a country managing director there.
John Behan, CEO of ADE, commented on the Shawton deal: “This acquisition is the latest in a number of strategic steps that strengthen ADE’s position as a leader in the European C&I solar market.”
