Infradebt and Terregra Renewables announced the closing of an AUD7 million (US$4.79 million) senior debt facility for Terregra’s Mobilong and Moyhall Solar Farms.
Both projects are 5MWac utility scale solar facilities in South Australia. Construction at Mobilong was completed in July, with construction at Moyhall to commence shortly. Balance Utility Solutions is the EPC contractor for both projects.
Terregra is a leading Indonesian renewable utility with hydroelectric assets under construction and development across Indonesia. The Mobilong and Moyhall Solar Farms are their first investments in Australia and have been developed by their local team. Terregra has a strategy to develop a portfolio of about 30 MWac of 5 MWac solar farms across Australia.
