France-headquartered Neoen, renewable energy company, secured an additional AUD 1.4 billion (~$873.29 million) in debt financing for 1.3 GW of renewable energy projects in Australia, bringing its total portfolio financing to over AUD 2 billion (~$1.24 billion). The funding covered 15 assets with a combined capacity of 2.9 GW, including projects in operation or under construction. The debt, provided by 11 lenders such as ANZ, Bank of China, and Westpac, had maturities of 5.5 and 7 years. The financing supported the construction of three new projects: Culcairn Solar Farm in New South Wales (440 MW), Western Downs Battery Stage 1 in Queensland (270 MW / 540 MWh), and Collie Battery Stage 2 in Western Australia (341 MW / 1,363 MWh). It also included operating assets like three solar farms in New South Wales (130 MW) and a 157 MW wind farm in Queensland.
Neoen secured AUD 1.4B for Australian Renewable projects
Neoen secured AUD 1.4 billion to support 15 renewable energy assets totaling 2.9 GW, backed by 11 major global lenders. (Image Source:Neoen)
Algeria and GE Vernova discussed 15 GW renewable energy projects, including solar, as Sonelgaz led talks in Atlanta. (Image Source:Zawya)
LRE powered up Morrow Lake Solar, supplying 200 MW to Microsoft with innovative solar tech and eco-friendly land use. (Image Credit/Source: StockSnap/Pixabay)
re:cap green energy acquired 51.7 MW solar projects from Milvio Energy, with completion expected between Q1 and Q4 of 2025. (Image Credit/Source: TheOtherKev/Pexels)
Pleasant Valley Solar 2 secured funding through construction debt and credit facilities to support renewable energy and Meta’s Kuna data center. (Image Source: rPlus)