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Energy Finance & Investment News in Australia

IPPToday #300: 255 MW solar project in Australia achieves financial close

IPPToday #300: 255 MW solar project in Australia achieves financial close

🕔Oct 11, 2018

Maoneng Australia has announced that it has achieved financial close for the 255 MWp Sunraysia Solar Farm, located in New South Wales, south-east Australia.

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IPPToday #298: Macquarie joins consortium developing 11 GW renewables hub in Australia

IPPToday #298: Macquarie joins consortium developing 11 GW renewables hub in Australia

🕔Oct 9, 2018

The project company for the Asian Renewable Energy Hub has announced that Macquarie Group has agreed to join the consortium developing the project and provide development capital. Macquarie's consortium partners for the over 11 GW project are Intercontinental Energy, Vestas and CWP Energy Asia.

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IPPToday #282: Australian state awards long-term contracts for 928 MW capacity in first renewable energy auction

IPPToday #282: Australian state awards long-term contracts for 928 MW capacity in first renewable energy auction

🕔Sep 11, 2018

The Australian state of Victoria, located in the south-east of the country, has awarded Support Agreements to six renewable energy projects with 928 MW cumulative capacity in its first renewable energy auction.

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VivoPower and IT Power to develop solar projects in New South Wales

VivoPower and IT Power to develop solar projects in New South Wales

🕔Sep 11, 2018

VivoPower International PLC has announced that its wholly-owned subsidiary in Australia, VivoPower Pty Ltd has entered into a partnership with IT Power (Australia) Pty Ltd (ITP) to jointly develop a portfolio of utility-scale ground-mounted solar projects in New South Wales.

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IPPToday #270: Sydney Airport to be powered by wind energy

IPPToday #270: Sydney Airport to be powered by wind energy

🕔Aug 22, 2018

Sydney Airport has announced the signing of a tripartite Memorandum of Understanding (MOU) with Origin Energy and Grassroots Renewable Energy that will see 75% of its current electricity load supplied by the 135 MW Crudine Ridge wind farm located in central-west New South Wales.

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IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

IPPToday #267: SIMEC ZEN Energy to install 1 GW renewables in South Australia for US$1 billion

🕔Aug 16, 2018

SIMEC ZEN Energy, a subsidiary of British conglomerate GFG Alliance, has launched a US$1 billion investment plan to install 1 GW dispatchable renewable energy in South Australia.

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Financial close for US$200 million wind farm in Tasmania

Financial close for US$200 million wind farm in Tasmania

🕔Jul 13, 2018

Palisade Investment Partners has announced that the 112 MW Granville Harbour wind farm, with an estimated total investment of AUD280 million (US$209.0 million), has reached financial close.

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113 MW wind farm in Australia refinanced for US$150 million

113 MW wind farm in Australia refinanced for US$150 million

🕔Jul 10, 2018

Electricity Generating Public Company Limited (EGCO) has secured AUD210 million  (US$156.8 million) to refinance Boco Rock wind farm in New South Wales, south-east Australia.

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IPPToday #238: Malakoff refinances largest wind farm in Australia for US$370 million

IPPToday #238: Malakoff refinances largest wind farm in Australia for US$370 million

🕔Jun 26, 2018

Malakoff Corp Bhd’s Australian subsidiary Wind Macarthur Finco Pty ltd (WMFPL) has completed the refinancing of the 420 MW Macarthur wind farm, located in south-west Victoria, Australia.

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Genex offered US$380 million government funding for Queensland renewable hub

Genex offered US$380 million government funding for Queensland renewable hub

🕔Jun 22, 2018

Genex Power Limited has announced it has received an indicative term sheet for a long-term concessional debt facility of up to AUD516 million (US$383.75 million) from the Northern Australia Infrastructure Facility (NAIF) Board for Stage 2 of the planned renewables complex in Kidston, northern Queensland.

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Macquarie Capital secures equity investments and offtake agreements for 228 MW wind farm in Australia

Macquarie Capital secures equity investments and offtake agreements for 228 MW wind farm in Australia

🕔Jun 21, 2018

Macquarie Capital has announced that it has closed project financing for the Lal Lal wind project, located in Victoria, Australia, and agreed the acquisition of an 80% stake in the project with Northleaf Capital Partners and InfraRed Capital

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NAB finalises US$150 million Low Carbon Shared Portfolio

NAB finalises US$150 million Low Carbon Shared Portfolio

🕔Jun 19, 2018

National Australia Bank (NAB) has announced that it has finalised its Low Carbon Shared Portfolio, valued at AUD200 million (US$148.7 million), with investors including the Clean Energy Finance Corporation (CEFC) and Insurance Australia Group Limited (IAG).

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IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

IPPToday #230: Hydro Tasmania identifies 4,800 MW pumped hydro potential

🕔Jun 12, 2018

Australian utility Hydro Tasmania has announced that it has identified eight locations for up to fourteen pumped hydro storage projects in the island-state, located 240km south of the Australian mainland, separated by the Bass Strait. The so-called Battery of the Nation initiative considered around 2,000 sites to identify these fourteen potential projects, which altogether represent about 4,800 MW of pumped storage capacity.

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Financing secured for US$190 million wind farm in Australia

Financing secured for US$190 million wind farm in Australia

🕔Jun 4, 2018

CWP Renewables and Partners Group have secured a AUD113 million (US$85.5 million) senior debt facility for the 135 MW Crudine Ridge wind farm, located near Mudgee in New South Wales. The estimated total investment required is AUD250 million (US$189.25 million).

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RFEOI issued for 800 MW renewable projects in Australia

RFEOI issued for 800 MW renewable projects in Australia

🕔May 30, 2018

Snowy Hydro, an end-to-end electricity provider in Australia, has published a Request for Expressions of Interest (RFEOI) for the supply of long-term offtake arrangements from renewable energy sources - 400 MW of wind and 400 MW of solar power.

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IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

IPPToday #220: Partners Group to invest US$530 million in Australian renewables platform

🕔May 28, 2018

Partners Group has announced that it has agreed to invest AUD700 million (US$528.2 million) in a new large-scale renewable energy platform in Australia, to be called Grassroots Renewable Energy Platform. It will construct over 1.3 GW of new wind power, solar power and battery storage assets across Australia within the next four years.

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Neoen secures planning approval for US$225 million green power hub in Australia

Neoen secures planning approval for US$225 million green power hub in Australia

🕔May 22, 2018

The Minister for State Development, Manufacturing, Infrastructure and Planning of the Government of Queensland, a state in the north-east of Australia, has announced that the State has provided development approval for a wind farm project with up to 29 turbines as part of Neoen’s planned green power hub at Kaban 80km south west of Cairns.

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First Solar closes financing for 87 MW solar project in New South Wales

First Solar closes financing for 87 MW solar project in New South Wales

🕔May 21, 2018

First Solar has achieved financial close of the Beryl Solar project, which involves the construction of an 87 MW solar photovoltaic (PV) power plant in New South Wales, south-east Australia.

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Financial close for 80 MW wind farm in Australia

Financial close for 80 MW wind farm in Australia

🕔May 16, 2018

National Australia Bank (NAB) has announced that it provided funding for the Crowlands Wind Farm project in Western Victoria, which achieved financial close last month. Pacific Hydro secured AUD80 million of non-recourse project financing for the project.

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250 MW gas-fired power station to be developed in New South Wales

250 MW gas-fired power station to be developed in New South Wales

🕔Apr 30, 2018

AGL Energy Limited has announced its commitment to build a 252 MW gas-fired electricity generation plant near Newcastle in New South Wales, a state in the south-east of Australia. The company estimates that this will require an investment of up to AUD400 million (US$303.1 million).

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