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Carlyle Makes $374M Commitment to Global Energy Transition Platform Amp Energy

Deals & Cases
January 6, 2021
Carlyle Makes $374M Commitment to Global Energy Transition Platform Amp Energy Background Image
Deals & Cases
January 6, 2021

Vinson & Elkins advised global investment firm The Carlyle Group in a strategic growth investment through a $374 million commitment to Amp Solar Group, Inc., a Canadian-based global renewable energy infrastructure developer, owner and manager. Since 2009, the Company has successfully developed over 1.8 gigawatts of distributed and utility-scale renewable generation projects, hybrid generation plus storage projects, and stand-alone battery storage projects around the world.

This is the third transaction V&E has worked on in the renewable energy area for Carlyle in the past 12 months, including the formation of a joint venture with Alchemy Renewable Energy, LLC and on the acquisition of a portfolio of solar development projects in the state of Maine.

The V&E team was led by partner John Kupiec with partner Kaam Sahely, senior associates Stephanie Coco and Jeff Shah, and associates Heather Brocksmith, Ellen Hense, Richard McNulty, Mark Phillips, Rob Vezina and Alicia Vesely, with assistance from partner Eamon Nolan and associate Erin MacMullin. Also advising were partner Hill Wellford and associate Ryan Will; partner David Peck, senior associate Mary Alexander and associate Curt Wimberly; and counsel Julia Petty and associate Maddison Riddick.

About Vinson & Elkins
For more than a century, Vinson & Elkins has provided outstanding client service across important industries that drive the global economy. Built on a strong culture of collaboration across 13 offices worldwide, V&E lawyers are committed to excellence, offering clients decades of legal experience in handling transactions, investments, projects and disputes across the globe. Learn more by visiting www.velaw.com or connect with us on LinkedIn.

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Key Contacts

Partner
Kaam Sahely