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Amp Energy closes $350m financing package for renewables, battery-storage buildout
Transactions - JANUARY 21, 2022

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Amp Energy closes $350m financing package for renewables, battery-storage buildout

by Kali Persall

Amp Energy has secured a $350 million credit facility from a consortium of major institutional investors.

Brookfield Asset Management and a major sovereign wealth fund served as the main investors in the transaction, and Nomura Securities served as the sole lead arranger. ECP will join the consortium after the closing.

The facility, with structural features that potentially allow an increase to $700 million, will be used to support the construction of Amp's robust and global renewables and battery-storage asset portfolio.

The investment will focus initially on funding Amp's construction-stage assets in the United States, Australia and Japan, with the intent to add incremental investment-grade geographic markets.

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