Catriona McLeod, managing director of European Energy Australia, said the close gave the project a firm financial foundation for construction.
“Reaching financial close on Mokoan is an important milestone for our Australian portfolio. Deutsche Bank’s support spans both the refinancing of the operational solar farm and the construction financing for the battery storage system, giving us a strong foundation for the next phase of the project,” she said.
Rachel Chia, head of project finance for APAC at Deutsche Bank, said the transaction reflected growing institutional appetite for integrated renewable energy assets.
“This transaction demonstrates our ability to deliver integrated financing solutions across the project lifecycle, supporting clients as they develop critical energy infrastructure.” Deutsche Bank has supported the financing of more than 12GW of renewable energy assets across Australia since 2019.
European Energy’s growing Victorian battery storage footprint
