Potentia Energy has secured approximately AU$830 million (US$557 million) in portfolio financing, supporting its operating renewable energy assets and the delivery of new projects, including energy storage, across Australia.
The portfolio features more than 600MW of capacity across six assets nationwide.
The financing was provided by a syndicate of seven major Australian and international financial institutions, including Bank of China, BNP Paribas (Australia Branch), HSBC (Sydney Branch), Mizuho Bank, Société Générale, Sumitomo Mitsui Banking Corporation and Westpac Banking Corporation.
The package consolidates debt across Potentia’s portfolio of wind, solar and hybrid battery energy storage system (BESS) assets.
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Potentia Energy, a joint venture between Italian clean energy developer Enel Green Power and Japan-headquartered Inpex Corporation, operates over 800MW of renewable energy assets across Australia.
The financing will support Potentia’s expanding pipeline of utility-scale projects, including several major developments that have received regulatory approval.
This includes the Tallawang solar-plus-storage project in New South Wales, which received unconditional federal environmental approval under the Environment Protection and Biodiversity Conservation (EPBC) Act last year.
Construction on the 500MW solar and 1,000MWh battery storage project is expected to commence in early 2027, aligning with the delivery of the Central-West Orana Renewable Energy Zone (REZ) transmission infrastructure.
Potentia has also secured approval for its 500MW solar-plus-storage site in New South Wales, while its 900MWh Emeroo BESS project, located approximately 15km northeast of Port Augusta, became the first to be approved under South Australia’s Hydrogen and Renewable Energy (HRE) Act.
Atmos Renewables completes green loan portfolio refinancing
Elsewhere, developer Atmos Renewables achieved financial close on its green loan portfolio refinancing in December, consolidating existing asset-level debt across the company’s diversified portfolio of solar, wind and energy storage assets.
Atmos Renewables stated that the refinancing aligns with the Asia Pacific Loan Market Association’s Green Loan Principles and the company’s Green Financing Framework.
The transaction was oversubscribed, reflecting strong appetite from a broad syndicate of domestic and international banks.
The lender group included Bank of China, China Construction Bank (Asia), Bank of Communications, Commonwealth Bank, Rabobank, DBS Bank, Deutsche Bank, DNB, E.Sun Commercial Bank (Sydney Branch), HSBC, ICBC (Asia), ING, Mizuho, NAB, Société Générale and Westpac.
The refinancing provides Atmos with enhanced flexibility to deliver its next phase of project development.
Proceeds will support the 100MW/400MWh Merredin BESS project in Western Australia. Construction has already kicked off on the 4-hour duration battery storage system, which, upon completion in 2027, will become Atmos’s 18th operational asset and its first BESS project in Western Australia.
The financing will also support priority projects targeting financial close in 2026, including the Parron Maam Marang Farm (formerly known as the Parron Wind Farm) and the 400MW/1,600MWh Teebar Battery project.
In a separate announcement, Atmos Renewables confirmed that it had signed an Early Contractor Involvement (ECI) Agreement with Enerven for the Teebar BESS. Enerven has delivered several utility-scale BESS projects in Australia, including Origin Energy’s Eraring BESS and AGL’s Torrens Island and Liddell BESS.
Meanwhile, Atmos Renewables said that its 300MW/1,200MWh Heywood Battery project in Victoria is progressing toward financial close within the next 18 months.
The company expects to achieve multiple project financings over the next 12 to 18 months as it advances its development pipeline.
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