Amp Japan Secures JPY17 Billion Green Rated Loan from Shinsei Bank for 60MW Solar Power Plant in Fukushima City

Tokyo, Japan – December 22nd, 2021 – Amp Energy, a global energy transition platform, today announced it has secured a ‘Shinsei Green Loan’ valued at JPY17 Billion (USD151M) from its standing financing partner, Shinsei Bank. The funds will be used for the construction of the 60MWdc Fukushima West Solar Project, in Fukushima City.

A Shinsei Green Loan designates the use of funds for businesses or projects that will provide clear environmental benefits, and must align with the "Shinsei Green Finance Framework”.

The estimated annual generation of the power plant is approximately 69,000MWh, the equivalent to a reduction in CO2 emissions of 35,032 tons per year.

Commercial operation is scheduled for early 2025, with the construction and development of the project expected to create more than 200 local jobs.