The Hillston Solar Farm will generate approximately 235,000GWh per year and is backed by a finance agreement with investment bank Natixis and Export Development Canada.
”Amp is pleased to begin a strategic relationship with Natixis for future financing of Amp projects in Australia and globally,” said Dean Cooper, executive vice president and head of Amp Australia.
Having revealed a US$374 million investment from private equity firm Carlyle early this year, Canada-headquartered Amp Energy has since achieved commercial operations at the 39MWdc Molong Solar Farm in New South Wales and has unveiled plans for a renewable energy hub in South Australia that will feature three PV projects totalling more than 1.3GW and battery storage capacity of up to 540MW.
Amp also signed a deal last month with Danish investment firm Copenhagen Infrastructure Partners to develop 1.7GW of renewables in India. The partnership enables investments of more than US$200 million in the portfolio of both utility as well as commercial and industrial solar projects and PV-wind hybrids.