Neoen has secured a debt financing package of A$1.8bn ($1.2bn) for a group of five renewable energy projects in Australia.
A total of 13 Australian and international lenders participated in the transaction supporting the 1.2GW portfolio. It consists of two battery storage facilities, two wind farms, and a solar farm located across South Australia, New South Wales (NSW), and Western Australia (WA).
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The lenders involved in the funding are ANZ, Bank of China, Bank of America, Clean Energy Finance Corporation, HSBC, Export Development Canada, ING, Mizuho, KfW IPEX, NAB, Société Générale, UOB, and Westpac.
The portfolio includes the Hornsdale Power Reserve, a 150MW/193.5MW-hours (MWh) battery storage project, and a 209MW Goyder South Wind Farm Stage 1A, both located in South Australia.
In NSW, the Culcairn Solar Farm has a capacity of 440MW-peak (MWp), and the Culcairn Battery delivers 215MW/963MWh, while the Narrogin Wind Farm in WA has a capacity of 179MW.
The assets comprise a mixture of operating and under-construction projects.
This latest round raises Neoen’s total debt financing in Australia to more than A$5bn since 2024, covering 4.7GW of capacity spread across 20 solar, wind, and storage projects in several Australian states.
Neoen Australia Pacific regional CEO Jean-Christophe Cheylus said: “We are delighted to announce this new portfolio financing, and we extend our thanks to all our lenders for their trust and commitment.
“We value the continued support of our long-term partners, and we welcome the arrival of new lenders. This landmark transaction underlines the strength, depth and growth of our portfolio in Australia.”
Neoen reports that it has contributed over 6GW in solar, wind, and storage capacity to Australia’s energy system and has an aim to reach 10GW by the end of the decade.
Last month, Neoen started building the first stage of the 346MW Goyder North Wind Farm in South Australia.
