Amp closes funding for 61-MW community solar portfolio in US

• Toronto-based renewables programmer and driver Amp Energy said today it has shut financing on a 61-MW community solar portfolio that likewise consists of 6.5 MWh of storage in Massachusetts as well as New York.

The firm has actually finished a repeat handle KeyBank, which led the construction and term financial obligation, and also United States Bank, which invested in the tax equity for the portfolio. This is Amp's fourth manage these loan providers considering that 2017.

The portfolio is valued at USD 155 million (EUR 156m) as well as includes 13 projects, a lot of which will come onstream in 2022 as well as the continuing to be in the 2nd quarter of 2023. 3 will certainly include energy storage systems.

Amp claimed it has now elevated greater than USD 500 numerous complete tax obligation equity and also financial obligation in the United States community solar market over the last few years.

Individually, Amp on Wednesday claimed it held an opening ceremony with EDF Renewables North America for 2 new community solar farms in Verona and Vernon, New York City-- the 5.8-MW DC Quiet Meadows solar farm 1 as well as 7.5-MW DC Quiet Meadows solar farm 2. Both projects were created by EDF Renewables and also offered to Amp in late 2021.