AMPYR Distributed Energy Secures £50 Million Mezzanine Facility to Expand UK Onsite Renewables Pipeline

AMPYR Distributed Energy (ADE), part of the AGP Group and a leading investor in onsite renewables for commercial and industrial (C&I) clients, has raised a £50 million secured mezzanine finance facility to support its growing pipeline of business acquisitions and project funding. The facility, which can be drawn for development, construction, and operational assets across solar and Battery Energy Storage Systems (BESS), is among the largest of its kind in the UK C&I renewables sector.

The financing, provided by global asset manager Franklin Templeton, follows ADE’s senior debt arrangement with Crédit Agricole Corporate & Investment Bank (CACIB) in May 2025, bringing the company’s total debt capacity raised this year to over £200 million.

John Behan, CEO of ADE, said, “This facility reflects ADE’s continued market growth. As an investor, we aim to optimise our capital structure through a combination of financing options while ensuring we have the firepower for 2026 and beyond. Partnering with Franklin Templeton, whose flexible facility enables efficient execution, allows us to meet rising demand for onsite renewable energy solutions.”

Will Devenney, Head of Infrastructure Debt at Franklin Templeton, added, “We are excited by the growth of onsite renewable energy and see a compelling opportunity set for our investors through flexible arrangements offering exposure to attractive risk-adjusted positions in the capital structure. ADE is at the forefront of this energy transition.”

The mezzanine facility was originated by Franklin Templeton and bilaterally structured with ADE, with CACIB acting as placement agent. Legal advisors included Watson Farley & Williams LLP for ADE, Sidley Austin LLP for Franklin Templeton, and Orrick LLP for CACIB.

Franklin Templeton’s alternative asset strategies encompass private credit, private real estate, global secondary private equity, co-investments, venture capital, digital assets, and hedged strategies, representing 16% (US$270 billion) of the firm’s total US$1.69 trillion assets under management as of October 31, 2025.

The new financing positions ADE to accelerate its investments in onsite renewable energy projects, supporting the UK’s C&I sector transition toward clean energy and sustainable power solutions.