Vena Energy gets to fin close on 125-MW Aussie solar project

• Singapore's Vena Energy, a portfolio firm of Global Infrastructure Partners, today stated it has achieved financial close on the first stage of its 125-MW Wandoan South solar project in Queensland, Australia.

The renewable energy business has actually currently started building services the project, which will develop part of a bigger site of approximately 650 MW in size, covering close to 2,000 hectares of land. The big system will certainly require a financial investment of some AUD 650 million (USD 411.6 m/EUR 416.9 m) to be realised.

Financing for the first stage of the project was extended in the form of debt and also supplementary facilities by DBS, ING, Intesa Sanpaolo, OCBC Bank and also SMBC.

The Wandoan South Solar Stage 1 park will certainly be mounted in Queensland's Western Downs area. When up and running, it is anticipated to be with the ability of creating approximately 365 GWh of electrical power each year, or enough to meet the demand of around 60,000 ordinary neighborhood homes.

Once totally finished, the Wandoan South solar complicated will create power to provide approximately 330,000 households.

In August, Vena Energy activated a 100-MW/150-MWh battery in Queensland's Western Downs, touted as the biggest one in the Aussie state.