AGP has formed a joint venture with Hartree and NaGa Solar to deploy solar projects across the UK, the Netherlands and Germany. The new venture, called AMPYR Solar Europe (ASE), aims to develop at least 4 GW of solar projects in these three nations. With this joint venture, the companies aim to combine AGP’s experience in developing large-scale renewable power projects, Hartree’s cutting edge power trading analytics and zero carbon solutions and NaGa’s in-depth local knowledge and land development prowess. 

Through ASE, institutional investors expect to deploy in excess of €1 billion of capital and generate long-term income. AGP and Hartree already have an existing partnership called AMPYR Energy UK which is developing a total of 1.5 GW of onshore wind, solar PV and battery storage projects in the UK. ASE will build on the UK solar assets and combine them with those under development in Germany and the Netherlands through NaGa.

AGP Sustainable Real Assets is a fund and asset management group that invests in, develops and operates sustainable infrastructure. Its global renewable energy platform, AMPYR Energy, has operations and assets in Europe, India and Australia.

Meanwhile, Hartree Partners is a merchant commodities firm specialising in energy and its associated industries. Its owners include Oaktree, an alternative investment firm that is a major investor in low carbon and renewable technologies. NaGa Solar is a developer of solar projects with an extensive experience across the Netherlands and Germany. It develops a variety of solar projects including ground-mounted, rooftop and floating solar.