TagEnergy closes €570 million green bond for renewables and storage pipeline

LinkedIn
Twitter
Reddit
Facebook
Email

Renewable energy developer TagEnergy has closed a €570 million (US$622 million) green bond for its solar, wind and energy storage pipeline in the UK, Europe and Australia.

The investor announced the close of the dual currency (AU$ and €) green bond totalling up to €570 million with Copenhagen Infrastructure Partners (CIP) and Singaporean sovereign wealth fund GIC as investors.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Annual digital subscription to the PV Tech Power journal
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The bond will support TagEnergy’s renewable energy portfolio of wind, battery energy storage systems (BESS) and solar PV assets across the UK, Europe and Australia, it said.

€270 million will go towards the 1.3GW Golden Plains Wind Farm onshore wind project in Victoria, Australia, while the remaining €300 million will go across the wider portfolio. The company recently achieved financial close on a portion of Golden Plains as well as 169MW of BESS projects in the UK.

The latter includes two 49MW/98MWh units in Scotland announced in January with financing from Santander, covered by sister site Solar Power Portal here and here. The company then brought online a similarly sized system near Luton in May, also with some financing from Santander.

For the green bond issuance, Akereos Capital was bookrunner, structurer and exclusive debt advisor to TagEnergy which was also advised by White & Case and Garrigues, while CIP and GIC were advised by Linklaters and Allens.

“This green bond again demonstrates TagEnergy’s innovative investment approach in a rapidly growing renewable energy industry. It comes on the back of TagEnergy achieving financial close on a range of projects including Australia’s Golden Plains Wind Farm East without the need for Power Purchase Agreements (PPAs),” TagEnergy CEO Franck Woitiez said.

CIP is also set to invest in the development of one of the largest BESS projects in Europe, a 500MW/1,000MWh project in Scotland which was granted planning permission this week.

1 July 2025
Leonardo Royal Hotel London Tower Bridge, London, UK

Read Next

May 21, 2025
Regulators in Germany are considering two big reforms that could improve the business case for BESS, while developer-operator Green Flexibility has announced its first major project.
May 20, 2025
Battery storage developers and owner-operators Eku, Alcemi, Field and Energy Optimisation Solutions (EOS) make UK project progress with finance and planning approvals.
Premium
May 20, 2025
ESN Premium speaks with Chloe Hicks of EnergyCo about New South Wales’ Renewable Energy Zones (REZ) and its hopes for energy storage.
May 16, 2025
The battery storage arm of Canadian Solar expects to make between 7GWh and 9GWh of shipments this year, with the final figure dependent on trade policy developments.
May 8, 2025
7.15GW of renewables and energy storage projects have been granted access rights to connect to Australia’s first REZ in Central-West Orana.

Most Popular

Email Newsletter