European Energy secured funds for 137 MW solar parks in Australia

European Energy, a Danish renewable energy company, has reached financial close for a long-term financing package exceeding €70 million (~$ 80.66 million) to develop two solar PV projects in Australia. The funding supports the 106MW Lancaster Solar Park in Victoria and the 31MW Mulwala Solar Park in New South Wales. Construction of Mulwala is planned for Q3 2025. Together, the projects will add 137MW of renewable capacity to the National Electricity Market. The financing was provided by Westpac and DZ BANK AG Singapore Branch. The projects are expected to power over 30,000 households and contribute to employment and supply chain activity during construction.The financing complements European Energy’s 300MW solar PPA with Amazon Australia.