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
