Vena Energy has reached financial close on the first phase of the 125 MW Wandoan South Solar Project located in the local government area of Western Downs, Queensland, Australia. The PV farm will be capable of providing up to 365 GWh of electricity annually, which is sufficient to power about 60,000 Australian residences of average size.
The partner banks DBS, ING, Intesa Sanpaolo, OCBC Bank, and SMBC of Vena Energy have agreed to offer loan and ancillary facilities for the project.
DBS served as the Joint-Green Structuring Bank, Financial Model Coordinator, and Facility Agent, Intesa Sanpaolo as the Joint-Green Bank, and SMBC as the Technical Coordinator and Project Account Bank.
Country updates
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October 25, 2022
ARENA awards AUS$45mn for 200 MW energy storage project in Australia
The Australian Renewable Energy Agency (ARENA) has awarded AUS$45 million (US$28.3 million) to Hydrostor Inc., through its partnership with Energy Estate (A-CAES NSW Pty), for the 200 MW/160...
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October 18, 2022
Shell and Foresight acquires 370 MW Hybrid renewable project in Australia
Shell Plc has partnered with Foresight Group to acquire the development rights for the 370 MW hybrid renewable energy project named Kondinin Energy Development located in Western Australia.
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October 11, 2022
Australia supports front-end engineering and design study for 500 MW ammonia project
Australian Renewable Energy Agency (ARENA) has granted AUD13.7 million (US$ 12.3 million) to Fortescue Future Industries Pty Ltd (FFI) and Incitec Pivot Limited (IPL) to support a front-end engin...
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October 10, 2022
Financing provided for 500 MW Renewable Ammonia Project in Australia
Australian Renewable Energy Agency (ARENA) has granted AUD13.7 million (US$ 12.3 million) for the development of the 500 MW Gibson Island Renewable Ammonia Project in Gibson Island, Brisbane...
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October 10, 2022
Alinta Energy secures support for 1 GW offshore wind project in Victoria
The Australian Renewable Energy Agency (ARENA) has awarded Alinta Energy Ltd with AUD1.5 million (US$1.3 million) to conduct a wind resource study and expedite early-stage development for the 1 G...
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