Amp Energy secures green loan for 60 MW Fukushima Sendatsuyama solar project

Amp Energy has secured a Shinsei Green Loan valued at JPY17 billion (US$147.5 million) from its standing financing partner, Shinsei Bank. The funds will be used for the construction of the 60 MWdc Fukushima Sendatsuyama Solar Project, in Fukushima City, Japan.

The estimated annual generation of the power plant is approximately 69,000 MWh, 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.