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).
AfDB funded two 15 MW solar plants in Chad to generate 61 GWh annually and cut emissions by 49,000 tons per year. (Image Credit/Source: LCEC/Pixabay)
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)