Neoen secures financial close for 100 MW/200 MWh Capital Battery project in Canberra

Neoen has secured financial close on its 100 MW/200 MWh Capital Battery energy storage project located near Canberra in the Australian Capital Territory (ACT). The project will be financed by a combination of equity provided by Neoen and senior debt facilities provided by the Clean Energy Finance Corporation (CEFC) and Infradebt.

Neoen will construct the project under a develop-to-own business model in partnership with Doosan. The construction phase is targeted to be finished by the first half of 2023. 

Once the project is commissioned, Neoen plans to launch a Community Co-investment Scheme that would provide the ACT residents and the Capital region with an opportunity to become financial stakeholders in the project.