Apollo-backed Amp makes strategic investment in FGL
Amp Solar Group, a Port Credit, Ontario solar photovoltaic developer, has made a strategic investment in Faraday Grid Ltd (FGL), a U.K. energy systems designer. No financial terms were disclosed for the deal, which saw Amp become FGL's principal strategic investor. It will also allow Amp to integrate the company's Faraday Grid technology within its portfolio of micro-grid energy solutions and clean energy generation assets. Amp is backed by an affiliate of Apollo Global Management. The affiliate invested US$15 million in the company, and provided $250 million in revolving equity financing, in 2014.
4 August 2017•3 mins read
