Amp Energy Executes & Starts Construction on Japan's First Utility Scale Corporate PPA in Kashiwazaki

Tokyo, Japan – September 27, 2023 – Amp Energy (“Amp” or the “Company”), a global renewable energy transition platform backed by Carlyle, is proud to announce the commencement of construction on the 18.6MW solar power plant in Kashiwazaki, Niigata prefecture. This significant milestone was celebrated during a groundbreaking ceremony in the community on August 29th. Key stakeholders including Mitsubishi Corporation Clean Energy as the PPA offtaker and investor, Toenec as the EPC contractor, and Amp Energy. Their presence demonstrated their confidence in the project's successful and safe completion.

This endeavor represents a groundbreaking achievement as the first-ever utility scale corporate PPA (Power Purchase Agreement) solar project in Japan. The electricity generated will be supplied to the off-taker through a corporate PPA structure.

"We are proud to mark the commencement of the Kashiwazaki Solar Power Plant, a pioneering endeavor in Japan's renewable energy landscape. This project underscores our commitment to providing sustainable energy solutions that make a positive impact on both our environment and society," said Martin Stein, EVP and Head of Japan, Amp Energy.

Anticipated to produce power equivalent to the annual consumption of 5,100 households, this project is a notable contributor to the mission of decarbonization, estimated to offset 19,000t-Co2. The electricity generated will be seamlessly integrated into the grid at Tohoku EPCO, ensuring a reliable power supply.

Amp Energy remains committed to advancing sustainable energy solutions globally and is proud to play a role in Japan's transition toward cleaner and more efficient power generation.

About Amp Energy:

Amp Energy is a well-established global energy transition development platform, which delivers renewables, battery storage, and hydrogen at scale, together with proprietary AI-enabled grid flexibility through its Amp X platform. Since its inception in 2009, Amp has developed and built close to 3GW of assets globally, and has another 4GW either in late-stage development or construction. Amp 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.

Amp X has developed a disruptive grid edge digital platform to allow all forms of distributed generation and load to make a dynamic contribution to the energy system, whether as an individual unit or as an aggregated group of assets, providing flexibility, resilience and system stability at the lowest possible cost.

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