Neoen's AUD 1.1B Debt Deal Fuels Aussie Renewable Expansion
- Neoen SA secures $721 million debt financing for Australian wind, solar, and battery projects, paving the way for ambitious growth goals.
Neoen SA has secured a USD 721 million debt financing deal for its 1.5-GW portfolio of operating wind and solar farms in Australia, as well as a new battery storage project. The funding will allow Neoen to refinance existing debt and finance new projects, including the Collie Battery Stage 1 in Western Australia. The debt has a maturity of five and seven years and was provided by a consortium of Aussie and international banks.
The operating assets benefiting from the deal include solar farms in Victoria, Queensland, and New South Wales, as well as wind farms in Victoria and South Australia. Neoen Australia's CEO, Louis de Sambucy, stated that the funding deal sets a solid foundation for the company's goal of reaching 10 GW of assets in Australia by 2030.
What is Neoen SA's plan for its 1.5-GW portfolio in Australia?
- Neoen SA plans to use the USD 721 million debt financing deal to refinance existing debt and finance new projects in Australia
- The funding will support the development of the Collie Battery Stage 1 project in Western Australia
- Neoen's 1.5-GW portfolio in Australia includes operating wind and solar farms in Victoria, Queensland, and New South Wales
- The debt has a maturity of five and seven years and was provided by a consortium of Aussie and international banks
- Neoen Australia's CEO, Louis de Sambucy, aims to reach 10 GW of assets in Australia by 2030, with this funding deal setting a solid foundation for the company's growth.