Toronto, ON – July 11, 2017 – Amp Solar Group (“Amp”), a leading global cleanenergy independent power producer, announced today that it hascompleted the acquisition of alarge-scale solar power plant alreadyoperating in the Fukushima City, Fukushima Prefecture with a total generationcapacity of approximately 14.7 megawatts (“the Project”).The Project had originally been built by a Taiwanese solar power producer,General Energy Solutions Inc., through a special purpose company, andcommenced operation in March 2017. Power generated after the acquisitionwill be sold to Tohoku Electric Power Co, an investment-grade regulatedutility, at a fixed price in accordance with the Power Purchase Agreement for20 years.Project financing was arranged by Shinsei Bank, Limited, a leading provider ofsolar financing in the Japanese market.The acquisition further strengthens AMP’s rapidly growing clean energy assetportfolio in Japan
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Amp is a global developer of flexible clean energy infrastructure.
We develop, own and operate clean energy assets both behind and in-front of the meter. Our solutions, managed by technology-enabled risk management tools allow us to provide dispatchable, affordable and resilient clean power to enhance system reliability and security for our customers and the grid.
Based in Canada, with operations in North America, Japan, India and Australia, our international team brings deep expertise and thought leadership to every aspect of the energy industry.
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