Neoen has successfully secured AUD 1.1 billion in debt over 5 to 7 years to finance a 1.5 GW renewable energy portfolio in Australia. The funding will enable the refinancing of AUD 700 million in existing debt and support the development of new assets, starting with the Collie Battery Stage 1 (219 MW / 877 MWh) in Western Australia. The diverse portfolio, encompassing solar, wind, and battery storage assets across five states, garnered strong investor interest due to its contracted revenue and technological mix. 11 major lenders, including ANZ, Bank of China, and Westpac, participated in the debt arrangement.
Major lenders back Neoen’s Australian renewables expansion
Neoen’s Collie Battery Stage 1, a 4-hour long duration battery, with a 197 MW capacity contract, progresses toward completion in Q4 2024. (Image Credit: Neoen).
The sale of Westbridge’s 75% stake in Sunnynook Solar to METLEN was completed, set to power 50,000 Alberta homes. (Image Source: Pixabay)
Module shipments in Q3 2024 reached 25,910 MW, with N-type modules comprising 90% of all shipments. (Image Source: SOLARbytes)
With revenue growth and a strong order book, AGEL sets its sights on 2025 IPO to strengthen financial resilience. (Image Credit/Source: KindelMedia/Pexels)
Runergy provides insights into ITC’s Section 337 timeline, countering misleading interpretations of its 45-day and 60-day procedural references. (Image Source: Runergy)