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Amp closes financing for the 120 MW Hillston Solar Farm

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Wednesday, September 15, 2021
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MELBOURNE, Australia, Sept. 16, 2021 /PRNewswire/ - 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.

Key Points: 
  • MELBOURNE, Australia, Sept. 16, 2021 /PRNewswire/ - 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.
  • 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.
  • ''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".
  • 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.

Natixis Arranges Debt and Equity Financings for Slate Solar Plus Storage Project

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Friday, August 20, 2021
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NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Natixis today announced the successful closing of two separate financings in support of the Project Slate, a solar plus storage project being constructed in Kings County, California.

Key Points: 
  • NEW YORK, Aug. 20, 2021 /PRNewswire/ -- Natixis today announced the successful closing of two separate financings in support of the Project Slate, a solar plus storage project being constructed in Kings County, California.
  • Upon construction completion, the Project Slate will have a capacity of 300 MWac Solar PV +140 MW / 561 MWh Battery Storage, making it among the largest solar plus storage projects in the world.
  • Earlier, Natixis acted as Sole Lead Arranger for a $150 million Equity Bridge Loan, the proceeds of which will be used to fund GSRP's equity contribution into Project Slate.
  • The Project Slate debt construction financing marks Natixis' second Solar Plus Storage financing in the Americas in as many months and comes on the back of Clearway's $285 million financing for its Mililani I and Waiawa Solar Plus Storage facilities in Hawaii in May 2021, where Natixis acted as Coordinating Lead Arranger.