Category: News Australia

ACEN Australia secures AUD 750 million financing for renewable energy portfolio in Australia

ACEN Australia secures AUD 750 million financing for renewable energy portfolio in Australia

April 17, 2025 | , ,

ACEN Australia has concluded AUD 750 million portfolio debt financing for its operating renewable assets, along with financing for its new projects in Australia. This transaction will aid the financing of the company’s near-complete 400 MW Stubbo solar project in NSW. Furthermore, this transaction was supported by a group of 11 Australian and international lenders. Morgan Stanley and Macquarie Capital acted as joint financial advisors for the transaction.

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CIP secures AUD 814 million financing for green hydrogen project in Australia

CIP secures AUD 814 million financing for green hydrogen project in Australia

March 24, 2025 | , ,

Copenhagen Infrastructure Partners (CIP) through its CI Energy Transition Fund I (ETF I) has secured AUD 814 million for the Murchison green hydrogen project in Western Australia. This financing has been secured through the Australian Government’s Hydrogen Headstart program. This green hydrogen project will produce approximately 1.8 million tonnes of green ammonia annually. It is located 20 km north of Kalbarri in the mid-west region .

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Ark Energy and Hanwha Energy ink contract for BESS in Australia

Ark Energy and Hanwha Energy ink contract for BESS in Australia

March 18, 2025 | , ,

Ark Energy has inked a supply contract with Hanwha Energy for its Richmond Valley Solar & BESS project in New South Wales. This contract focuses on manufacturing, delivery, and installation of a lithium iron phosphate battery with a 275 MW power capacity and an energy storage capacity of up to 2,200 MWh over eight hours. Furthermore, under this contract, Hanwha Energy will provide Ark Energy with a complete BESS solution, including batteries and inverters.

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Eku Energy bags service agreement for 100 MW BESS project in New South Wales

Eku Energy bags service agreement for 100 MW BESS project in New South Wales

February 28, 2025 | , ,

Eku Energy has secured a NSW long duration storage long-term energy service agreement from AEMO Services.  The agreement is for a 100 MW/ 800 MWh Griffith battery energy storage system (BESS) in Yoogali, within the Griffith local government area (LGA) of New South Wales. The project will provide an eight-hour-duration storage capacity to store excess renewable energy and dispatch it during periods of high demand.

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Akaysha Energy and Gunvor Group ink offtake agreement for BESS project in Australia

Akaysha Energy and Gunvor Group ink offtake agreement for BESS project in Australia

February 25, 2025 | , ,

Akaysha Energy has inked a long-term offtake agreement with Gunvor Group for its large-scale battery energy storage system (BESS) project. The agreement includes a risk-hedging offtake product known as a battery revenue swap agreement which will ensure revenue certainty for the project. The project is currently under construction and is expected to begin operations by 2026. It will be able to charge from excess solar generation and store enough energy to power approximately 200,000 homes for up to two hours.

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Pacific Green divests 100 per cent stake in BESS project in Australia

Pacific Green divests 100 per cent stake in BESS project in Australia

February 25, 2025 | , ,

Pacific Green has inked binding documents to sell 100 per cent of its shares in the Limestone Coast North Energy Park to Intera Renewables. This transaction is valued at $ 293 million. The Limestone Coast North Energy Park is a 250 MW/ 500 MWh battery energy storage system (BESS) project located at the Limestone Coast region of South Australia. Furthermore, as part of this transaction, Pacific Green will be retained to manage the project’s construction until it reaches commercial operations.

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CIP begins construction of 240 MW BESS project in Australia 

CIP begins construction of 240 MW BESS project in Australia 

February 11, 2025 | , ,

Copenhagen Infrastructure Partners (CIP), through its Copenhagen Infrastructure V (CI V) fund, has commenced construction of the 240 MW/960 MWh Summerfield battery in Australia. This decision follows the financial investment decision made in September 2024. The project is situated in South Australia near existing transmission infrastructure. Furthermore, Summerfield has entered into a 10-year offtake agreement with Origin Energy.

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Neoen secures debt financing for 1.3 GW clean energy assets in Australia

Neoen secures debt financing for 1.3 GW clean energy assets in Australia

December 20, 2024 | , ,

Neoen has secured AUD 1.4 billion in debt financing for 1.3 GW of wind, solar, and storage assets. This has effectively doubled its Australian renewable energy portfolio financing. A group of 11 major Australian and international lenders participated in the transaction. The operating assets being added to the portfolio include three solar farms in New South Wales: Griffith Solar Farm, Parkes Solar Farm, and Dubbo Solar Hub.

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X-ELIO to build 148 MW BESS in Australia

X-ELIO to build 148 MW BESS in Australia

October 23, 2024 | , ,

X-ELIO has announced the expansion of its Blue Grass Solar Farm in Queensland’s Western Downs with the addition of a 148 MW Battery Energy Storage System (BESS), marking its first hybrid solar and storage project in Australia. The project will be developed in two phases, with the first phase delivering a 60 MW BESS by 2025 and the second phase adding an 88 MW BESS by 2026.

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Akaysha Energy obtains A$650 million in funding for Orana BESS

Akaysha Energy obtains A$650 million in funding for Orana BESS

July 15, 2024 | , ,

The Orana battery energy storage system (BESS) project in New South Wales, Australia, has reached an agreement for A$650 million with Akaysha Energy. Situated in the Central West Orana renewable energy zone, the Orana project will be built with funding from the three-year facility. The project is scheduled to be online in 2026 with a 1,660 MWh of projected capacity. 

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Origin Energy acquires Walcha Energy in Australia 

Origin Energy acquires Walcha Energy in Australia 

February 20, 2024 | ,

Origin Energy has acquired Australian renewable energy provider Walcha Energy in New South Wales, for an unknown sum. Walcha Energy has been working on the Ruby Hills wind and Salisbury solar projects, which have a combined capacity of 1.3 GW. The two projects are located close to Origin’s recently acquired Warrane land.

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Equinix signs 151 MW renewable energy PPA with TagEnergy in Australia

Equinix signs 151 MW renewable energy PPA with TagEnergy in Australia

February 6, 2024 | ,

Equinix, a digital infrastructure company, has signed a power purchase agreement (PPA) with TagEnergy for 151 MW of clean energy from the 1.33 GW Golden Plains wind farm in Australia. The PPA will help Equinix achieve its goal of running its business entirely on renewable energy. The wind farm’s 17 International Business Exchange (IBX) data centres in Australia.

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Gaw Capital, BW ESS establish Valent Energy in Australia

Gaw Capital, BW ESS establish Valent Energy in Australia

January 25, 2024 | ,

Gaw Capital Partners and BW ESS have launched Valent Energy, an investment platform in Australia with over 1.6 GW of utility-scale battery projects, including three in Victoria and New South Wales that are fully approved and ready-to-build. Gaw Capital and BW ESS will bring together their resources in Valent Energy.

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