France-headquarteredNeoen, 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
With AUD 1.4 billion secured from 11 lenders, including ANZ, Bank of China, and Westpac, Neoen financed 1.3 GW of renewable energy projects in Australia. Discover more here.
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