France's Neoen Secures AUD 1.8 Billion Financing to Support 1.2GW Wind-Solar-Storage Portfolio

en.Wedoany.com Reported - On October 30, French renewable energy developer Neoen announced that it has secured AUD 1.8 billion in debt financing from 13 Australian and international banks to support its 1.2GW renewable energy portfolio across three Australian states.

The financing covers five assets, including two wind farms, two battery energy storage projects and one solar PV plant, located across South Australia, New South Wales and Western Australia, spanning both operating assets and projects under construction. The specific assets are: the 150MW/193.5MWh Hornsdale Power Reserve and the 209MW Goyder South Wind Farm Stage 1A in South Australia; the 440MWp Culcairn Solar Farm and the 215MW/963MWh Culcairn Battery Energy Storage in New South Wales; and the 179MW Narrogin Wind Farm in Western Australia.

Lenders include ANZ, Bank of America, Bank of China, the Clean Energy Finance Corporation, Export Development Canada, HSBC, ING, KfW IPEX-Bank, Mizuho Bank, National Australia Bank, UOB, Societe Generale and Westpac.

Including this transaction, Neoen has raised more than AUD 5 billion in debt financing in Australia since 2024, covering 20 wind, solar and storage assets with a combined capacity of 4.7GW. Neoen has already contributed more than 6GW of wind, solar and storage capacity in Australia, with a target of reaching 10GW in the country by 2030, supported by a diversified project pipeline and a multi-billion-dollar forward investment plan.