“Amp, a global renewable energy infrastructure platform company, today announced it has closed financing on its 29.4 MW | 42 MWh Massachusetts Community Solar portfolio, valued at approximately $100M. KeyBank will provide construction and term debt, with US Bank investing the tax equity for the portfolio.
The 4 projects under the portfolio will be the first in the US to be dispatched by the Amp X trading platform allowing the assets to autonomously optimize the battery output to maximize their fixed SMART program revenues while participating in the ISO New England wholesale markets and the Massachusetts Clean Peak Standard program.
The integrated design that includes DC-coupled energy storage, bifacial modules along with proprietary optimization and design, once again highlights Amp’s emerging position as a leader in advanced technology.”
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Press Release from Amp Solar Group. Utility Dive 30 September 2020.