Copenhagen Infrastructure Partners (CIP), through its Green Credit Fund I (CI GCF I), has closed a development loan facility of up to $165 million with Ampliform, a Pennsylvania-based developer of utility-scale solar energy facilities.
Proceeds of the loan facility will support the advancement of Ampliform’s project pipeline across various U.S. regional electrical grids, with a focus on the development and construction of its near-term portfolio in PJM, the grid operator region serving 13 states and Washington, D.C.
“This financing marks a pivotal moment for the company,” said Carl Jackson, founder and CEO of Ampliform. “Securing this capital provides us with additional resources to significantly accelerate our growth. We look forward to partnering with CIP as our company looks to fund construction of our near-term portfolio and support key development activities for flagship projects in our robust pipeline across PJM, MISO, NYISO and other markets.”
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