Neoen Secures AUD 1.8 Billion Financing for 1.2 GW Portfolio
Neoen has secured AUD 1.8 billion in debt financing from 13 lenders for a 1.2 GW portfolio of five wind, solar and battery storage assets across Australia.
November 03, 2026. By Mrinmoy Dey
The Australian and international lenders involved are: ANZ, Bank of America, Bank of China, Clean Energy Finance Corporation, Export Development Canada, HSBC, ING, KfW IPEX, Mizuho, NAB, UOB, Société Générale, and Westpac.
The portfolio comprises a mix of operating assets and projects under construction, including the 150 MW / 193.5 MWh Hornsdale Power Reserve and the 209 MW Goyder South Wind Farm Stage 1A in South Australia; the 440 MWp Culcairn Solar Farm and 215 MW / 963 MWh Culcairn Battery in New South Wales; and the 179 MW Narrogin Wind Farm in Western Australia.
Including this new financing, Neoen has raised a total of over AUD 5 billion in debt financing since 2024, covering 4.7 GW of combined capacity distributed across 20 wind, solar and storage assets in multiple Australian states.
Commenting on the development, Jean-Christophe Cheylus, Neoen’s Regional CEO Australia Pacific, said, “We are delighted to announce this new portfolio financing, and we extend our thanks to all our lenders for their trust and commitment. We value the continued support of our long-term partners, and we welcome the arrival of new lenders. This landmark transaction underlines the strength, depth and growth of our portfolio in Australia.”
Xavier Barbaro, Neoen’s Group CEO, remarked, “This transaction reflects the quality and diversity of our assets and demonstrates our ability to optimise our financing structure and strengthen our balance sheet. This, in turn, reinforces our capacity to invest in new projects and to consolidate Neoen’s position as the leading player in Australia’s energy transition.”
Neoen has a portfolio of over 6 GW in wind, solar, and storage in Australia. With an extensive development pipeline and a multibillion-dollar forward investment plan, Neoen’s ambition is to reach 10 GW in Australia by 2030.
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