Neoen, one of the world’s leading renewable energy companies, has secured AUD 1.8 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 1.2 GW, including two wind farms, two battery energy storage projects and one solar farm across three Australian states.
The financing package involves major financial institutions, including ANZ, Bank of America, Bank of China, Clean Energy Finance Corporation, Export Development Canada, HSBC, ING, KfW IPEX, Mizuho, NAB, UOB, Société Générale and Westpac. The participation of these lenders highlights continued financial support for Australia’s renewable energy sector and the growing importance of large-scale clean energy infrastructure.
The portfolio includes Hornsdale Power Reserve, a 150 MW / 193.5 MWh battery storage project located in South Australia, and Goyder South Wind Farm Stage 1A, which has an installed capacity of 209 MW, also in South Australia. In New South Wales, the financing covers the 440 MWp Culcairn Solar Farm and the 215 MW / 963 MWh Culcairn Battery project. The fifth asset is the 179 MW Narrogin Wind Farm in Western Australia.
The portfolio includes both operational assets and projects currently under construction. By combining wind, solar and battery storage capacity, the financing is expected to strengthen Neoen’s ability to manage its renewable energy investments and support the development of reliable clean energy infrastructure.
With this latest transaction, Neoen has raised more than AUD 5 billion in debt financing since 2024 for its Australian renewable energy operations. The funding covers a combined capacity of 4.7 GW across 20 wind, solar and battery storage assets located in multiple Australian states. This demonstrates the company’s growing investment activities and its continued focus on expanding its renewable energy portfolio.
Neoen has contributed more than 6 GW of wind, solar and energy storage capacity to Australia’s energy transition, establishing itself as one of the country’s largest renewable energy developers. The company is also pursuing an extensive project development pipeline supported by a multibillion-dollar forward investment plan. Its target is to reach 10 GW of renewable energy capacity in Australia by 2030.
Jean-Christophe Cheylus, Regional CEO Australia Pacific at Neoen, said the company appreciates the continued trust and commitment of its financing partners. He highlighted that the transaction reflects the strength, diversity and growth of Neoen’s Australian portfolio while welcoming new lenders into the company’s financing network.
Xavier Barbaro, Group CEO of Neoen, described the transaction as the company’s largest financing in Australia to date. He stated that the successful financing demonstrates the quality and diversity of its assets and strengthens its balance sheet, enabling further investment in new projects and supporting Neoen’s position in Australia’s energy transition.
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