Amp Energy secures US$155 million financing for community solar-plus-storage portfolio in the US

Facebook
Twitter
LinkedIn
Reddit
Email
The portfolio of projects financed comprises 13 community solar PV plants in Massachusetts and New York. Image: Amp Energy.

Toronto-based renewables developer Amp Energy has closed on a US$155 million tax equity and debt financing round for its solar-plus-storage portfolio in the US.

The community solar portfolio comprises of 13 projects located in the states of Massachusetts and New York with a capacity of 65MW of solar PV and 6.5MWh of energy storage. Most of the projects will reach commercial operation this year, with the rest set to reach during Q2 2023.

This article requires Premium SubscriptionBasic (FREE) Subscription

Try Premium for just $1

  • Full premium access for the first month at only $1
  • Converts to an annual rate after 30 days unless cancelled
  • Cancel anytime during the trial period

Premium Benefits

  • Expert industry analysis and interviews
  • Digital access to PV Tech Power journal
  • Exclusive event discounts

Or get the full Premium subscription right away

Or continue reading this article for free

Three of the projects will use bifacial modules coupled with energy storage and will be dispatched with the Amp X optimisation and management platform, which will allow it to automatically optimise the battery’s output.

KeyBank led the construction and term debt, with US Bank investing the tax equity for the portfolio. This was the fourth transaction between the three parties since 2017.

This latest round brings the renewables developer’s financing into US community solar to over US$500 million, said Jared Donald, EVP and head of Amp’s US operations.

Its US portfolio has so far reached 200MW of operating and in-construction assets this year, with a further 500MW to be built in the next two to three years.

Early this year, Amp Energy closed a US$350 million credit facility to accelerate its global portfolio of renewables and battery storage assets with a primary focus on the US, Australian and Japanese markets.

25 November 2025
Warsaw, Poland
Large Scale Solar Central and Eastern Europe continues to be the place to leverage a network that has been made over more than 10 years, to build critical partnerships to develop solar projects throughout the region.

Read Next

September 26, 2025
Residential solar and energy storage could meet all the projected demand from US data centres over the next five years if tech companies invest in household energy infrastructure.
September 26, 2025
Global grids have failed to keep pace with renewable energy technologies and have become the “bottleneck of the energy transition”, according to a new policy report from the Global Solar Council (GSC).
September 25, 2025
Italian energy utility Enel has issued a US$4.5 billion (€3.8 billion) bond seeking investment from “US and international” investors.
September 25, 2025
Developer ACE Power and Osaka Gas Energy Australia have submitted plans for a 100MW solar-plus-storage project to Australia’s EPBC Act.
September 24, 2025
Representatives from the EU, IEA and IRENA have signed an open letter to deliver a 'just and equitable energy transition'.
September 24, 2025
The development of India’s power transmission network is lagging behind the country’s rapid growth in renewable energy, leading to project delays and cost increases

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines
Solar Media Events
October 7, 2025
San Francisco Bay Area, USA