Amp Power Australia Pty Limited, the Australian operating company of global developer Amp Energy (Amp) announced it has successfully raised Project Finance for its 120MW Hillston Solar Farm in New South Wales, Australia.
Amp is a global energy transition platform.
Natixis is a French multinational financial services firm specialized in asset & wealth management, corporate & investment solutions, insurance, and payments.
Export Development Canada (EDC) is a financial Crown corporation dedicated to helping Canadian companies of all sizes succeed on the world stage.
The Hillston Solar Farm executed a project finance agreement with Natixis and Export Development Canada (EDC) as Mandated Lead Arrangers with Natixis being the LC Provider and Sole Hedging Provider.
The project is expected to begin energization in early 2022 and will generate approximately 235,000 GWh per year, the equivalent annual power consumption of approximately 48,000 households.
”Amp is pleased to begin a strategic relationship with Natixis for future financing of Amp projects in Australia and globally, and acknowledge the continued support of EDC,” said Dean Cooper, Executive Vice President and Head of Amp Australia.
The Hillston financing extends Amp’s expansion in Australia, after achieving commercial operations earlier this year with the 39MWdc Molong Solar Farm in New South Wales.
Amp recently announced the establishment of the Renewable Energy Hub of South Australia, a strategic portfolio of large scale integrated Solar PV, Wind, and Battery Energy Storage assets, including the Robertstown, Bungama and Yoorndoo Ilga integrated solar farms with BESS totaling up to 1.36GW of generation and 540MW of BESS across the portfolio.
Amp’s expansion in Australia will include the implementation of Amp X. As a proprietary division of Amp, the digital energy platform provides a disruptive and interoperable grid edge digital platform.
Amp X includes an Artificial Intelligence-powered Virtual Power Plant capability, which enables real-time autonomous management and optimized dispatch of Battery Energy Storage assets across the grid.