Deutsche Bank’s Tokyo and London Branches announced today that they have acted as Sole Mandated Lead Arranger and Structuring Bank for a JPY 7.3 billion (USD70.6m) financing to Amp Energy (Amp) for the acquisition of an operating 20MW solar PV park in Japan.
The financing was structured as a bridge facility provided by Deutsche Bank that enabled Amp, a Canadian-based global energy transition platform, to close the acquisition of the plant and also to access term financing from leading institutional investors.
The transaction underscores the bank’s commitment to providing financing solutions to clients and to placing ESG at the heart of its business activities in the Asia Pacific region.
The solar PV park is located on the Japanese island of Kyushu. It benefits from a 20-year feed-in tariff under the Japanese renewable energy regime which aims to sponsor the development of renewable energy projects across the country.
Tamio Honma, Chief Country Officer for Japan at Deutsche Bank said: Deutsche Bank is delighted to lead this transaction which plays to our strength as a leader in sustainable financing in Asia Pacific and our ability to mobilise our global platform to provide ground breaking and bespoke structures for clients like Amp.
Martin Stein, Executive Vice-President and Head of Amp Japan said: Amp has been able to close this acquisition at record speed, supported by Deutsche Bank’s global team that delivered on both schedule and an innovative structure.
In 2020, Deutsche Bank published quantifiable targets for the first time aimed at expanding its sustainable business activities covering the ESG space and aims to support the transformation towards a sustainable economy. The bank also tightened its Fossil Fuels Policy, pledging to end global business activities in coal mining by 2025 and has committed that by 2025 its total volume of sustainable financing and investments will exceed EUR 200bn, and that its operations will be powered entirely by renewable energy sources.
Deutsche Bank is proud to be the top ranked Investment Bank for Financing (Loans & Structured Credit) in Asia Pacific, according to Coalition.