Natixis Advised Amp Energy For Hillston Solar Farm
Natixis acted as Mandated Lead Arranger, LC Provider and Sole Hedging Provider to Amp Energy (Amp), a leading Canadian renewables developer, for the development of the 120MWdc Hillston Solar Farm in New South Wales, Australia which reached financial close in August 2021 with EDC also acting as Mandated Lead Arranger.
This is the latest transaction for Natixis’ strong renewable energy franchise in Australia and is the first collaboration between Natixis and Amp globally – demonstrating our strategic focus on green and sustainable capital as well our commitment to support clients in the accelerating energy transition.
The plant is expected to begin energisation in early 2022 and will generate approximately 235,000 GWh per year, the equivalent annual power consumption of approximately 48,000 households, and follows several recent expansions for Amp into the Australian market.
Amp Energy is a global renewable energy infrastructure manager, developer and owner headquartered in Toronto, Canada. Since 2009, the Company has successfully developed over 1.8 gigawatts of distributed and utility-scale renewable generation projects, hybrid generation plus storage projects, and stand-alone battery storage projects across Australia, India, Japan, Spain, Czech Republic, the UK and North America.
In early 2021, The Carlyle Group made a strategic investment of $374m USD in Amp to support the company’s growth across its international expansions.
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 solar farms totaling to 1.3GW of generation.
Amp’s expansion in Australia will include the implementation of Amp X, a proprietary digital energy platform Amp, owned by which 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 optimised dispatch of Battery Energy Storage assets across the grid.