Neoen has secured AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets. This has effectively doubled its Australian renewable energy portfolio financing. A group of 11 major Australian and international lenders participated in the transaction. These lenders include ANZ, Bank of China, the Clean Energy Finance Corporation, The Hongkong & Shanghai Banking Corporation, ING, KfW IPEX-Bank, Mizuho, MUFG, SMBC, Societe Generale, and Westpac.
The operating assets being added to the portfolio include three solar farms in New South Wales: Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub. These have a combined capacity of 130 MWp. The portfolio also includes the Kaban Green Power Hub, a 157 MW wind farm in Queensland.
Additionally, the debt financing supports three new projects. These are the Western Downs Battery Stage 1 (270 MW / 540 MWh) in Queensland, the Culcairn Solar Farm (440 MWp) in New South Wales, and the Collie Battery Stage 2 (341 MW / 1,363 MWh) in Western Australia. The Culcairn Solar Farm is under construction and expected to be operational by 2026. Construction of the Collie Battery Stage 2 is underway, with completion targeted for Q4 2025.
