Amp Energy closes US$350m credit facility to chase renewables, energy storage pipeline

Facebook
Twitter
LinkedIn
Reddit
Email
Amp Energy energised four projects in Japan in Q4 2021. Image: Amp Energy.

Toronto-based renewables developer Amp Energy has closed on a US$350 million credit facility to advance on a global portfolio of renewables and battery energy storage assets.

Amp Energy is to use the funding to focus initially on assets in the US, Australia and Japan which are at the construction stage, while projects in further markets will be added later.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

Amp Energy also confirmed today that it energised four PV projects in Japan in Q4 2021. The projects, located in Mizunami, Nihonmatsu, Fujioka, and Shobusawa, have a combined capacity of 69.2MW.

The facility, which can be doubled in value to US$700 million through the use of structural features, has been provided by a consortium of institutional investors including Brookfield Asset Management and Nomura Securities.

Dave Rogers, CEO and president at Amp, said the financing would broaden the developer’s reach and allow it to “accelerate the decarbonization of flexible power generation infrastructure” across its core markets.

The deal is the latest in a recent string of financing packages secured by renewables developers with at least one eye on the US market, including funding arranged by the likes of 8minute Solar Energy, Silicon Ranch and Invenergy.

21 May 2024
Napa, USA
PV Tech has been running PV ModuleTech Conferences since 2017. PV ModuleTech USA, on 21-22 May 2024, will be our third PV ModulelTech conference dedicated to the U.S. utility scale solar sector. The event will gather the key stakeholders from solar developers, solar asset owners and investors, PV manufacturing, policy-making and and all interested downstream channels and third-party entities. The goal is simple: to map out the PV module supply channels to the U.S. out to 2025 and beyond.
8 October 2024
San Francisco Bay Area, USA
PV Tech has been running an annual PV CellTech Conference since 2016. PV CellTech USA, on 8-9 October 2024 is our second PV CellTech conference dedicated to the U.S. manufacturing sector. The event in 2023 was a sell out success and 2024 will once again gather the key stakeholders from PV manufacturing, equipment/materials, policy-making and strategy, capital equipment investment and all interested downstream channels and third-party entities. The goal is simple: to map out PV manufacturing in the U.S. out to 2030 and beyond.

Read Next

Subscribe to Newsletter

Upcoming Events

Solar Media Events
March 19, 2024
Texas, USA
Solar Media Events
March 26, 2024
Lisbon, Portugal
Solar Media Events
April 10, 2024
Dallas, Texas USA