Palisade Investment Partners (Palisade) has completed the refinancing of around AUD125 million, a five-year debt facility for the Ross River Solar Farm (RRSF) project in Queensland.
The debt facility was amended and extended with incumbent lenders MUFG Bank Ltd (MUFG), Westpac Banking Corporation (Westpac), and Australia and New Zealand Banking Group Limited (ANZ).
RRSF is a 148 MWdc solar farm located approximately 20 km southwest of Townsville, Queensland. The project reached commercial operations in late 2018 and has a long-term power purchase agreement with EnergyAustralia for 80% of the generation. Operational management of RRSF is undertaken by Palisade Integrated Management Services (PIMS), with on-site O&M services provided by Downer Group and Schneider Electric.
Palisade was advised by King & Wood Mallesons (KWM), the lenders were advised by Allen & Overy (A&O), with due diligence support provided by Ekistica and Baringa Partners.
