AMP Clean Energy has access to a Special Purpose Vehicle (SPV), known as AMPIL which was set up with the intention to fund AMP Clean Energy renewable and low carbon heat projects.
To date AMPIL has raised over £50 million which has been spent on AMP Clean Energy projects. Having access to AMPIL means that AMP Clean Energy is able to deploy funds quickly, supporting customers decarbonisation objectives.
We undertake research and development into new distributed energy technologies which look set to play a greater role in the UK’s clean growth agenda. We are analysing various opportunities in electric vehicle (EV) charging, infrared heating, renewable electricity supply, green gas and Compressed Natural Gas.
AMP Clean Energy now has a 29.08% share in IncubEx LLC, which designs and develops new financial products in global environmental, reinsurance, and related commodity markets such as wood pellet.
The company has a specific focus on innovation and continuous improvement of products and services, which is a good fit with AMP Clean Energy’s ethos.
AMP Clean Energy has access to funding from a special purpose vehicle called Aggregated Micro Power Infrastructure 2 plc (AMPIL). AMPIL was set up with the intention of funding renewable and low carbon heat projects. To date AMPIL has raised over £50 million which has been spent on projects developed by AMP Clean Energy. Having access to AMPIL funds means that AMP Clean Energy is able to expedite the project development process, supporting customers decarbonisation objectives.
Under the terms of its contract with AMPIL, AMP Clean Energy receives an upfront 10% development fee on each project and when AMPIL debt is repaid, AMP Clean Energy is entitled to receive 100% of the excess returns in the form of deferred development fees.