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).
Allegations include bribing Indian officials to secure renewable energy projects worth $6 billion. (Image Credit/Source: Kelly/Pexels)
NTPC prioritizes solar over wind, limiting wind and battery projects to 10% of its renewable portfolio. (Image Credit/Source: Kelly/Pexels)
Scatec retains 13% and 12% stakes in Kalkbult, Linde, and Dreunberg solar plants after the sale to STANLIB. (Image Source: Scatec)
The financing partnership between RIC Energy and Rosemawr will fund interconnection deposits for up to 450 MW of renewable projects in NY. (Image Source: RIC Energy)