Amp Energy’s Australian and United Kingdom arms have been acquired by Revera Energy, as well as longtime partner Carlyle.
Amp’s first foray into the Australian market was in 2017, with the company since establishing operations across South Australia and New South Wales. Its current Australian pipeline consists of more than 750 megawatts of battery storage, 2.3 gigawatts of solar, and 1.4 gigawatts of wind projects within the National Energy Market.
Amp’s Australian division has also overseen the development of the Cape Hardy Green Hydrogen Project in South Australia.
In the UK, Amp has a platform consisting of 1.2 gigawatts of late-stage battery storage projects in Scotland, designed to strengthen grid resiliency and support national decarbonisation goals.
The formation of Revera Energy – an independent energy infrastructure solutions platform backed by Carlyle Global Infrastructure – was announced May 19. Revera focuses on developing, building, owning, and operating energy infrastructure projects, including its current portfolio, which comprises of projects acquired from Amp Energy.
Its projects of note in Australia include the first stage of the 250 megawatt Bungama battery storage project, on top of the aforementioned Cape Hardy Green Hydrogen Project in South Australia. Revera is also managing and has provided financing to 158 megawatts of operating solar farms in New South Wales.
David Rogers, Founder and CEO of Amp Energy, said the acquisition would support the future delivery and elevation of the company’s world-class teams and portfolios.
“This transaction is a testament to the strength of the global Amp platform — the result of years of hard work, thoughtful strategy, and hands-on execution. It was an exceptional joint effort to bring it to completion,” he said.
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