Neoen has taken a significant step in expanding its Australian operations. The company has secured $1.4 billion in debt financing to fund an additional 1.3 gigawatts (GW) of wind, solar and storage assets. This move more than doubles Neoen’s portfolio financing in the country, strengthening its leadership in the renewable energy sector.
A Major Boost for Renewable Energy in Australia
Neoen’s new financing deal includes loans with maturities of 5.5 and 7 years. It will support three major projects, two of which are currently under construction. The new tranche builds upon the company’s first round of portfolio debt financing, which was announced in February 2024. Together, these financing rounds represent over $2 billion in debt, covering 15 renewable energy assets across Australia with a combined capacity of 2.9 GW.
The financing deal received strong support due to the portfolio’s diversified energy mix and high levels of contracted revenue. The package also offers Neoen greater financial flexibility, allowing the company to expand its platform further.
Neoen’s Long-Term Commitment to Renewable Energy
Neoen has positioned itself as the largest renewable energy company in Australia, with 4.3 GW of assets either in operation or under construction. The company aims to develop highly competitive assets across solar, wind and battery storage in every state it operates in.
Jean-Christophe Cheylus, CEO of Neoen Australia, emphasized the significance of the new financing. “We are delighted to announce this second tranche of our portfolio financing. We extend our thanks to all our lenders for their continued trust and commitment. This transaction underlines the unique depth of our portfolio in Australia. It strengthens our owner-operator business model and provides a solid foundation for future growth,”
Neoen’s Chairman and CEO, Xavier Barbaro, also praised the company’s progress. “I would like to congratulate the Neoen Australia team on completing this extension to our portfolio financing so soon after the initial tranche. This demonstrates our unparalleled ability to create value through a maturing and diversified asset portfolio. It also reinforces our ambition to play an active role in Australia’s energy transition and the global push toward renewable energy,”
Accelerating Australia’s Energy Transition
With its extensive development pipeline and multi-billion-dollar investment strategy, Neoen is playing a crucial role in accelerating Australia’s shift to renewable energy. The company’s latest financing round not only supports new projects but also ensures long-term stability and scalability in its operations.
The continued expansion of Neoen’s renewable energy portfolio aligns with Australia’s broader clean energy goals. As the country moves toward reducing carbon emissions and increasing reliance on sustainable energy sources, investments like these will be essential in securing a greener future.
Neoen’s $1.4 billion financing marks a significant milestone in its renewable energy expansion in Australia. With a growing portfolio of wind, solar and battery storage assets, the company remains at the forefront of the industry. Strong backing from major lenders and strategic investments in diverse projects reinforce Neoen’s commitment to leading Australia’s clean energy transition. As the demand for sustainable power grows, Neoen’s continued growth will help shape the country’s renewable energy landscape for years to come
