Amp Power Australia has raised project finance for its 120MW Hillston solar project in New South Wales.
The Hillston Solar Farm executed a project finance agreement with Natixis and Export Development Canada (EDC) as mandated lead arrangers.
The project is expected to begin energisation in early 2022.
“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 39MW (DC) 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, wind and battery storage assets, including the Robertstown, Bungama and Yoorndoo Ilga integrated solar farms, plus batteries, totalling up to 1.36GW.