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).
Energy Finance & Investment News in Oceania
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).
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.
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.
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.
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.
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.
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).
ReNu Energy Limited has announced that it has reached an agreement with Resonance Asset Management Limited regarding the sale of a 70% majority equity stake in ReNu Energy’s existing bioenergy assets. Resonance will acquire the assets through the specialised international infrastructure investment fund, Resonance Industrial Water Infrastructure Fund Limited (RIWIF).
The Energy Minister of the Government of Victoria has announced that the Australian state's first large-scale renewable energy auction attracted bids amounting to over 3,500 MW generation capacity. This is over five times the capacity that the government planned to allocate.
The Minister for State Development, Manufacturing, Infrastructure and Planning of the state government of Queensland has signed an Agreement for Lease with Acciona for 1,250 hectares of state-owned land at Aldoga, Gladstone region, on which the company will install a 265 MW solar farm.
The Minister for Planning of the Government of New South Wales, a state in the south-east of Australia, has approved Epuron's plans to construct the Liverpool Range Wind Farm, which will consist of up to 267 wind turbines generating approximately 1,000 MW, making it Australia's largest wind farm.
Neoen has secured project financing for the Bulgana Green Power Hub project, a 194MW wind farm and 20 MW battery storage facility to be constructed near Stawell in Victoria, Australia. The total investment of the project is AUD350 million (US$269.91 million).
The state government of South Australia has announced plans to finance the development of a 50MW hydrogen electrolyser that would be powered by a new wind and solar complex at Crystal Brook, north of Adelaide. The estimated cost of the project, known as the Hydrogen Superhub is AUD600 million (US$464.3 million).
Renewable Energy Systems (RES) has announced that the Murra Warra Wind Farm project in the Australian state of Victoria has achieved financial close, enabling the commencement of construction of Stage One. Stage One comprises 61 turbines (226MW nameplate capacity), to be located approximately 30km north of Horsham and expected to be fully operational by mid-2019.
The federal government of Australia has announced that it will acquire the stakes of the governments of New South Wales and Victoria in Snowy Hydro Limited, the owner and operator of more than 5500 MW of multi-fuel generation capacity across New South Wales, Victoria and South Australia, including the 4100 MW Snowy Mountains Scheme - a hydropower project that produces around 32% of all renewable energy available to the eastern mainland grid of Australia.
The AMP Capital Diversified Infrastructure Trust (ADIT) and AMP Capital Core Infrastructure Fund (CIF) have attracted their first New Zealand investors, reflecting growing interest locally in the asset class.
The Government of South Australia has awarded AUD8.7 million (US$6.87 million) in grants to four companies planning to develop pumped storage hydro projects in the state, through its Renewable Technology Fund.
Innogy SE has announced the purchase of two large-scale solar development projects from Overland Sun Farming in Australia, with a combined capacity of more than 460 MW. The Limondale and Hillston solar projects are located in New South Wales.