Akin Gump Advises Amp in Tax Equity and Debt Financing for Community Solar Portfolio
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(Los Angeles) – Amp, a global renewable energy infrastructure platform company, announced it has closed financing on its 29.4 MW | 42 MWh Massachusetts Community Solar portfolio, valued at approximately $100 million. A team from Akin Gump represented Amp in all aspects of the transaction.
The four projects under the portfolio will be the first in the United States to be dispatched by the Amp X trading platform. They will allow the assets to autonomously optimize the battery output to maximize their fixed SMART program revenues while participating in the ISO New England wholesale markets and the Massachusetts Clean Peak Standard program.
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Akin Gump global project finance partner Matthew Nesburn led the team advising Amp. He was joined by associates Sharanyaa Kruti Vasan, Rebecca Pottash and Michelle Marshall.
Akin Gump Strauss Hauer & Feld LLP is a leading international law firm with more than 900 lawyers and advisors in offices throughout the United States, Europe, Asia and the Middle East. Founded in 1945, the firm is proudly celebrating its 75th anniversary in 2020. #AkinGump75
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