Amp Energy closes US$ 350m credit facility to go after renewables, energy storage space pipeline

• Toronto-based renewables designer Amp Energy has closed on a US$ 350 million credit facility to bear down a worldwide profile of renewables and also battery energy storage assets.

Amp Energy is to utilize the financing to focus at first on assets in the United States, Australia and Japan which are at the construction stage, while projects in further markets will be added later on.

Amp Energy likewise verified today that it energised 4 PV projects in Japan in Q4 2021. The projects, located in Mizunami, Nihonmatsu, Fujioka, and also Shobusawa, have an incorporated ability of 69.2 MW.

The center, which can be increased in value to US$ 700 million via using architectural features, has actually been offered by a consortium of institutional capitalists including Brookfield Asset Monitoring and Nomura Stocks.

Dave Rogers, CEO as well as head of state at Amp, stated the funding would expand the designer's reach and also permit it to "accelerate the decarbonization of flexible power generation facilities" throughout its core markets.

The bargain is the latest in a recent string of financing bundles safeguarded by renewables developers with a minimum of one eye on the US market, consisting of funding set up by the similarity 8minute Solar Energy, Silicon Ranch and also Invenergy.