FRV secures AUD 1.2bn refinancing for Aussie solar projects

• FRV secures AUD-1.2 billion refinancing deal for 1-GW solar portfolio in Australia with 11 lenders, including ING Bank and Westpac Banking Corp.

Fotowatio Renewable Ventures (FRV) has successfully closed a AUD-1.2 billion refinancing deal for its 1-GW solar portfolio in Australia. The deal includes a term loan refinancing, a Letter of Credit facility, and a working capital facility for FRV's business developments in Australia. Eleven lenders, including ING Bank and Westpac Banking Corp, participated in the transaction.

FRV Australia, a joint venture between Abdul Latif Jameel Energy and OMERS Infrastructure, has a portfolio of solar projects in New South Wales, Queensland, and Victoria. The portfolio includes the Walla Walla solar project and the Dablby solar-plus-storage park, which was recently brought online.

What lenders participated in FRV's AUD-1.2 billion refinancing deal for its Australian solar portfolio?

• ING Bank
  
• Westpac Banking Corp
  
• Commonwealth Bank of Australia
  
• National Australia Bank
  
• Sumitomo Mitsui Banking Corporation
• Societe Generale
  
• Mizuho Bank
  
• MUFG Bank
  
• Export Development Canada
  
• Korea Development Bank
• Natixis