Neoen secures AUD 1.4 billion for Australian renewable energy projects
Author: PPD Team Date: December 20, 2024
Neoen has obtained AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets, effectively doubling its Australian renewable energy portfolio financing.
Eleven major lenders participated, including ANZ, Bank of China, and the Clean Energy Finance Corporation.
The portfolio includes three operating solar farms in New South Wales—Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub—with a combined capacity of 130 MWp. It also features the 157 MW Kaban Green Power Hub wind farm in Queensland.
The financing will support three new projects: Western Downs Battery Stage 1 (270 MW / 540 MWh) in Queensland, Culcairn Solar Farm (440 MWp) in New South Wales, and Collie Battery Stage 2 (341 MW / 1,363 MWh) in Western Australia.
Culcairn Solar Farm is set for completion in 2026, while Collie Battery Stage 2 is expected to be operational by Q4 2025.