Renewables developer Potentia Energy has completed an approximately $830 million portfolio financing package supporting its operating renewable energy assets and the delivery of new projects across Australia.
Related article: Potentia’s Tallawang Solar Hybrid project gets federal tick
Potentia Energy recently rebranded from Enel Green Power Australia—a joint venture between Italy’s Enel Green Power and Japan’s INPEX.
The financing will support Potentia Energy’s growing pipeline of utility-scale solar, wind and battery energy storage projects, including projects currently in construction across regional Australia.
The transaction represents a strong vote of confidence in the company’s strategy, track record and disciplined approach to investment. Securing this level of support from leading financial institutions highlights market confidence in Potentia Energy’s long-term vision and the quality of its assets.
The debt is being provided by a group of seven major Australian and international lenders including Bank of China, BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Societe Generale, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation.
Related article: Enel Green Power Australia rebrands as Potentia Energy
Potentia Energy recently announced its strategic acquisition of a more than 1GW portfolio of high-quality renewable assets across Australia, as well as acquiring an 80.1% stake in Bright Energy Investments from superannuation fund Cbus Super and CVC DIF.
