“Toronto-based renewables developer and operator Amp Energy said today it has closed financing on a 61-MW community solar portfolio that also includes 6.5 MWh of storage in Massachusetts and New York.
The company has completed a repeat deal with KeyBank, which led the construction and term debt, and US Bank, which invested in the tax equity for the portfolio. This is Amp’s fourth deal with these lenders since 2017.
The portfolio is valued at USD 155 million (EUR 156m) and consists of 13 projects, most of which will come onstream in 2022 and the remaining in the second quarter of 2023. Three will feature energy storage systems.
Amp said it has now raised more than USD 500 million of total tax equity and debt in the US community solar market over the last few years.
Separately, Amp on Wednesday said it held an opening ceremony with EDF Renewables North America for two new community solar farms in Verona and Vernon, New York — the 5.8-MW DC Quiet Meadows solar farm 1 and 7.5-MW DC Quiet Meadows solar farm 2. The two projects were developed by EDF Renewables and sold to Amp in late 2021.”
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Renewables Now 25 August 2022.
notes:
Quiet Meadows Solar entered the NYISO Queue June 11, 2018 as a 20-MW state mandated project from EDF Renewables.
January 25, 2022 Amp Energy files paperwork with NYSERDA for Quiet Meadows Solar Farm 1, LLC and Quiet Meadows Solar Farm 2, LLC
The August 2022 National Grid, Central Hudson, ConEd, NYSEG-RGE, ORU, PSEG queues do not include Quiet Meadows Solar Farm 1, LLC and Quiet Meadows Solar Farm 2, LLC. The NYISO queue does not include these projects.
Quiet Meadows Solar Farm 1, LLC registered NYSDOS #5988120 on April 13, 2021 with Service Process Address for “THE LLC C/O EDF RENEWABLES DISTRIBUTED SOLUTIONS, INC. 5 COMMERCE AVENUE, WEST LEBANON, NH, UNITED STATES, 03784”
Quiet Meadows Solar Farm 2, LLC registered NYSDOS #5988130 on April 13, 2021 with Service Process Address for “THE LLC C/O EDF RENEWABLES DISTRIBUTED SOLUTIONS, INC. 5 COMMERCE AVENUE, WEST LEBANON, NH, UNITED STATES, 03784”
August 25, 2022
Quiet Meadows Solar Farm 1, LLC
Amp Energy Annual kWh 8,675 with 13,624 panels
https://community-solar.energy/project-detail/116-locations/new-york/179-quiet-meadows-solar-farm-1-llc
EDF Renewables5.75 MW Verona NY on Stoney Brook Road 30 acres. Single Axis Tracker.
Quiet Meadows Solar Farm 2, LLC
Amp Energy 11,056,600 annual kWh with 17,680 panels.
https://community-solar.energy/project-detail/116-locations/new-york/180-quiet-meadows-solar-farm-2-llc
EDF Renewables 7.5 MW, Oneida New York. 42 acres. Located in Vernon NY. NY VDER will purchase the power produced.