Global law firm Ashurst has advised Amp Solar Group Inc. (Amp Energy) on the £160 million revolving credit agreement from Nomura. The financing will fund project development expenses for the Bungama Battery Energy Storage System (BESS) in South Australia and the Hunterston BESS in North Ayrshire, Scotland, as well as additional future renewable energy projects.
Amp Energy is a global energy transition development platform that delivers renewables, battery storage, and hydrogen at scale. Amp Energy has developed and built or contracted 14 GW of renewable and battery assets globally. Amp Energy is backed by major investments from institutional capital partners, including global private equity firm Carlyle. The company has global operations throughout North America, the UK, Australia, Japan, and Spain.
Partner Chris Redden said:
"It has been a privilege for the Ashurst team to assist Amp Energy with this transaction across multiple jurisdictions. The global financing will provide Amp Energy with funding to expand its portfolio of global energy projects further. We look forward to continuing to support Amp Energy as it develops its energy projects around the world."
The Ashurst team was led by partners Chris Redden (Projects & Energy Transition, Sydney) and Michael Neary (Global Loans, New York), who were assisted by: senior associate Nathan Huynh (Global Loans, New York); senior associate Michelle Gaynor and associate Connor McFadden (Projects & Energy Transition, Sydney); partner Antony Skinner, senior associate Melany Wilson, and associate Carina Chan (Projects & Energy Transition, London); partner Paul Miller (Tax, London) and counsel Bronwyn Kirkwood (Tax, Melbourne).
