Edify Energy has announced that it has arranged more than AUD450 million (US$316.9 million) to finance the 333 MWDC (275 MWAC) Darlington Point Solar Farm, set to be the largest solar power station in Australia, in partnership with Octopus Investments.
Energy Finance & Investment News in Australia
The government of New South Wales has approved the construction of four solar projects in the state, located in the south-east of Australia, with a combined generation capacity of over 630 MW and a total investment of AUD850 million (US$610 million).
The independent Board of Snowy Hydro Limited has approved a final investment decision to proceed with Snowy 2.0, a pumped hydro project that will provide 2000 MW of on-demand generation and 350,000 MWh of large-scale energy storage.
Tilt Renewables has announced that the 336 MW Dundonnell Wind Farm located in Western Victoria, south-east Australia, has successfully reached financial close. The project is expected to cost AUD560 million (US$404.2 million).
Australian energy provider Snowy Hydro has announced that it has signed Power Purchase Agreements (PPA) for eight wind and solar projects totalling 888 MW. Located across New South Wales and Victoria, states in the south-east of Australia, the projects are expected to generate about 2.8 terawatt hours of energy annually.
DIF has announced that it has achieved financial close of a AUD668 million (US$476.1 million) greenfield waste-to-energy facility in Kwinana, near Perth, Australia, in consortium with Macquarie Capital and Phoenix Energy Australia. DIF has acquired a 60% shareholding in the project through two of its funds: DIF Infrastructure IV and DIF Infrastructure V.
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.
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.
IPPToday #282: Australian state awards long-term contracts for 928 MW capacity in first renewable energy auction
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.
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.
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.
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.
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.
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.
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.
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.
Macquarie Capital secures equity investments and offtake agreements for 228 MW wind farm in Australia
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.
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).
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.
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).