Genex Power Ltd has closed a green financing deal for two of its solar projects – the existing 50 MW solar farm at Kidston and the 50 MW Jemalong facility that is about to begin construction.
The AUD$192 million (US$132.54 million) financing deal signals the financial close for the Jemalong project and a refinancing of the existing facility for Kidston in North Queensland, which is the first stage of a proposed clean energy hub in and around a former gold mine that will include pumped hydro, more solar and wind energy.
Genex says the funding package is the first “Green Loan” in the world to be certified under the latest internationally recognized Climate Bonds Standard and also the largest Certified Green Loan by an Australian renewable energy group.
The senior debt facility is being provided by Westpac, Nord/LB, and DZ Bank. with Australia’s Clean Energy Finance Corporation also providing an underlying facility.
Country updates
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December 17, 2019
Sterling and Wilson starts the construction of 2 00 MW solar project in Wellington
Sterling and Wilson Solar has started the construction of a 200 MW solar project in Australia. The project will be using Canadian Solar bifacial panels to cover 490 hectares of land in Wellingto...
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December 17, 2019
Photon, Canadian Solar, Polpo secures an approval to build a 125 MW Maryvale Solar Farm in Wellington
Photon Energy, Canadian Solar and Polpo Investments have received approval from the New South Wales (NSW) Department of Planning and Industry and Environment (DPIE), to build a 125 MW AC (160 MW DC) M...
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December 13, 2019
First turbine of 144 MW Cattle Hill wind park in Tasmania begins operation
The 144 MW Cattle Hill Wind Farm has generated first power, with the first Goldwind turbine connected to the Tasmanian transmission network. The 31 out of 48 Goldwind turbines have been fully installe...
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December 12, 2019
FRV awaits permission granted for the solar and energy storage facility in South Australia
The Spain-based unit of Abdul Latif Jameel Energy, Fotowatio Renewable Ventures (FRV), is waiting for the planning approval from the South Australian Planning Commission for its planned 100...
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December 10, 2019
APA Group starts the commercial operations of the 19.25 MW Badgingarra solar farm in Hill River
APA Group has started the commercial operations of the AUD40 million Badgingarra solar farm in Hill River, Western Australia. The Badgingarra solar farm consists of 62,000 solar panels, in...
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