Neoen Secures Financing for South Australia Wind and Battery Project

• Neoen secures financing for a 203 MW wind project and a 238.5 MW/477 MWh battery storage scheme in South Australia, providing renewable energy to mining group BHP.

French renewable power producer Neoen has secured financing for the construction of a 203 MW wind project and a 238.5 MW/477 MWh battery storage scheme in South Australia. The projects, known as Goyder South Stage 1 and Blyth, will be jointly financed through a combination of Neoen's own equity and loan facilities. The debt was extended by a lending consortium including the Clean Energy Finance Corporation, KfW IPEX-Bank, ING, Mizuho, and Westpac. The wind park and battery storage scheme are expected to be operational by mid-2025 and will provide a 70 MW renewable-energy baseload supply to mining group BHP.

The Goyder South Stage 1 wind project is underpinned by a 14-year power purchase agreement with the Australian Capital Territory Government and a 10-year contract with electricity retailer Flow Power. The Blyth battery will support the output of the wind project. Both projects are located in the Mid-North region of South Australia and will contribute to the renewable energy supply in the area.

What is the financing and expected timeline for Neoen's wind and battery storage projects in South Australia?

• Neoen's wind project, Goyder South Stage 1, is expected to have a capacity of 203 MW.
• The battery storage scheme, known as Blyth, will have a capacity of 238.5 MW/477 MWh.
• The financing for these projects will be a combination of Neoen's own equity and loan facilities.
• The debt for the projects was extended by a lending consortium that includes the Clean Energy Finance Corporation, KfW IPEX-Bank, ING, Mizuho, and Westpac.
• The wind park and battery storage scheme are expected to be operational by mid-2025.
• The projects will provide a 70 MW renewable-energy baseload supply to mining group BHP.
• Goyder South Stage 1 has a 14-year power purchase agreement with the Australian Capital Territory Government.
• The wind project also has a 10-year contract with electricity retailer Flow Power.
• The Blyth battery will support the output of the wind project.
• Both projects are located in the Mid-North region of South Australia.
• The projects will contribute to the renewable energy supply in the area.