Singapore-based renewable energy developer Vena Energy announced on Tuesday that it had secured approximately $A1.4 billion in green financing facilities to support solar and battery assets across Australia.
Vena Energy, the renewable energy arm of Singaporean green solutions provider Vena Group, secured the new green financing facilities across two separate transactions which combine greenfield project funding with the refinancing of existing facilities.
The green financing facilities were backed by a large group of international and local lenders and bring together assets with complementary operating and financing characteristics.
The first transaction supports 294 megawatts (MW) of operational solar capacity, 320 MW of solar under construction, and 408 megawatt-hours (MWh) of battery energy storage system (BESS) capacity Vena Energy is currently building, including the Tailem Bend and Wandoan South precincts.
The second transaction supports two adjacent 583 MWh BESS units currently under construction in New South Wales along with the 150 MWh Wandoan South battery energy and solar system.
