French renewable energy company Neoen has secured AUD 1.8 billion (US$1.22 billion) in debt financing from a consortium of 13 Australian and international lenders to support its renewable energy portfolio in Australia. The financing will cover five renewable energy assets with a combined capacity of approximately 1.2GW. The portfolio comprises two wind farms, two battery energy storage projects and one solar farm located across South Australia, New South Wales and Western Australia.
The financing has been provided by 13 financial institutions, including ANZ, Bank of America, Bank of China, the Clean Energy Finance Corporation, Export Development Canada, HSBC, ING, KfW IPEX, Mizuho, NAB, UOB, Société Générale and Westpac. The funding represents a major financing transaction for Neoen and will support its existing renewable energy operations as well as projects currently under construction.
The five assets included in the financing package are Hornsdale Power Reserve and Goyder South Wind Farm Stage 1A in South Australia, Culcairn Solar Farm and Culcairn Battery in New South Wales, and Narrogin Wind Farm in Western Australia. Hornsdale Power Reserve has a capacity of 150MW with 193.5MWh of storage, while Goyder South Wind Farm Stage 1A has a generation capacity of 209MW. In New South Wales, Culcairn Solar Farm has a capacity of 440MWp, alongside the Culcairn Battery, which has a power capacity of 215MW and storage capacity of 963MWh. The Narrogin Wind Farm in Western Australia has a capacity of 179MW.
The transaction forms part of Neoen's wider investment and financing strategy in Australia. Since 2024, the company has raised more than AUD 5 billion in debt financing, covering renewable energy assets with a combined capacity of 4.7GW across 20 projects. These assets include wind farms, solar facilities and battery storage developments located in multiple Australian states. The latest financing further strengthens the company's ability to fund and manage its growing renewable energy portfolio.
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