Amp Energy claims not selling Australian portfolio

Mar 6, 2023 11:32 AM ET
  • Canadian clean energy platform Amp Energy on Friday stated it is not running a sales procedure for its Australian organization, replying to a recent report that had actually mentioned it was seeking to sell its portfolio in the country.
Amp Energy claims not selling Australian portfolio
Image: Amp Energy

"This is a time of transformative growth for our Australian organization and we see a really intense future for the continued large-scale development of a varied portfolio of Australian assets that consists of green hydrogen as well as ammonia," specified founder and chief financial investment policeman Paul Ezekiel.

Amp entered Australia in 2017. According to its site, the firm has a 2-GW portfolio of utility-scale solar, energy storage space, green hydrogen and ammonia projects there. It has 3 solar growth projects in South Australia amounting to 1.36 GW and 2 running solar farms in New South Wales of 160 MW. Amp likewise plans a renewable resource hub in South Australia that will consist of green hydrogen and ammonia production.

The business lately introduced the sale of its United States community solar service. Founder as well as chief executive Dave Rogers claimed that the sale was due to the fact that the United States business has a differing method compared to the business's utility-scale high-growth businesses which Amp is reinvesting back right into its highest possible development market of Australia.

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