Global Fund Deals Out $165 Million For US Solar Power Plants

The article highlights a significant $165 million investment by Copenhagen Infrastructure Partners (CIP) into Ampliform, a Pennsylvania-based joint venture focused on utility-scale solar power and energy storage projects in the US. Ampliform was established in September 2022 by solar developer Prospect14 and partners, backed by a consortium of investors including the Jones Family Office and Barings. The joint venture was launched amid a favorable policy environment shaped by the 2021 Bipartisan Infrastructure Law and the 2022 Inflation Reduction Act, positioning it to capitalize on the growing demand for clean energy despite recent political and economic challenges. At launch, Ampliform had a robust 3-gigawatt project pipeline with ambitions to reach 10 gigawatts by 2025, although timelines have been adjusted due to shifting policy and market conditions. Currently, the company lists 800 megawatts of projects in the PJM grid territory (covering 13 states plus Washington, DC) slated for construction through 2028, with