Potentia Energy obtains $551.75m financing for Australian renewable energy portfolio

Potentia Energy has secured astir A$830m ($551.75m) successful indebtedness financing to grow its Australian cleanable vigor portfolio.

The backing volition backmost much than 600MW of operating and caller wind, solar, and hybrid artillery vigor retention strategy (BESS) projects crossed six sites successful Australia.

The indebtedness installation is provided by a consortium of 7 home and planetary fiscal institutions: Bank of China, BNP Paribas, the Hongkong and Shanghai Banking Corporation, Mizuho Bank, Societe Generale, Sumitomo Mitsui Banking, and Westpac Banking.

Citi served arsenic fiscal advisor, with Allens and Ashurst acting arsenic ineligible advisors for Potentia Energy and the lenders, respectively.

The funds volition enactment some existing renewable assets of Potentia Energy and assistance present caller utility-scale solar, wind, and BESS projects presently being built successful determination areas.

The institution manages a portfolio of renewable vigor assets passim Australia.

In February this year, Potentia Energy agreed to get controlling stakes successful a portfolio of much than 1GW of renewable assets crossed Australia, arsenic portion of its maturation strategy.

This portfolio covers aggregate regions and technologies and includes 700MW of operational upwind and star projects dispersed crossed respective states and the Australian Capital Territory.

"Potentia Energy obtains $551.75m financing for Australian renewable vigor portfolio" was primitively created and published by Power Technology, a GlobalData owned brand.

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