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Fiera Infrastructure and Palisade Infrastructure Group to Acquire Amp US, a Leading Renewable Energy and Battery Storage Platform
Fiera Infrastructure and Palisade Infrastructure Group to Acquire Amp US, a Leading Renewable Ene...
About this update from Fiera Capital Corporation Class A
[{"type":"text","content":"\n \n \n \n Fiera Infrastructure and Palisade Infrastructure Group to Acquire Amp US, a Leading Renewable Energy and Battery Storage Platform\n \n \n /* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n.prntac{\nTEXT-ALIGN: CENTER\n}\n \n \n \n \n \n \n Canada NewsWire\n \n \n \n \n \n \n Amp Solar Group will be selling its equity interests in the US-based business\n \n \n \n \n \n \n TORONTO\n \n and\n \n NEW YORK\n \n \n ,\n \n \n Feb. 21, 2023\n \n \n /CNW/ - A consortium comprising funds managed by Fiera Infrastructure Inc. (\"\n \n Fiera Infrastructure\n \n \"), an affiliate of Fiera Capital Corporation (TSX: FSZ), and Palisade Infrastructure Group (\"\n \n Palisade Infrastructure\n \n \"), has agreed to jointly acquire 100% of the equity interests in Amp US Primary Holdings Inc. (\"\n \n Amp US\n \n \"), a US-based renewable energy generation and battery storage business from Amp Solar Group Inc. (\"\n \n Amp Energy\n \n \"), a Canadian-based global energy transition platform.\n \n \n Amp US is a leading developer, owner and operator of US community solar and storage projects. Since entering the US market in 2016, the company has experienced significant growth, placing the platform in a primary position within the distributed generation market. With headquarters in\n \n Denver, Colorado\n \n , the company has built a portfolio with generation capacity of approximately 200 MW\n \n DC\n \n across 39 operating or under construction projects expected to be completed in the short term. Additionally, the company has a large pipeline of solar and storage projects expected to be developed and built across existing and new US markets. Its management team has deep experience in greenfield development, asset management, offtaker and subscriber management, project acquisitions and financing.\n \n \n The transaction follows the passing of the Inflation Reduction Act in\n \n August 2022\n \n , which provides a robust and long-term renewable energy policy framework in\n \n the United States\n \n and accelerates the strong policy momentum for state-level community solar programs.\n \n \n Fiera Infra...