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

June 21, 2023
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.

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.

This article requires Premium SubscriptionBasic (FREE) Subscription

Enjoy 12 months of exclusive analysis

Not ready to commit yet?
  • 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 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.

Read Next

October 24, 2025
Peregrine Energy Solutions has secured US$130 million from investors including the South Korean Ministry of Environment.
October 21, 2025
Leading energy storage technology companies, developers, operators and outstanding individuals are featured on the shortlists for this year’s Energy Storage Awards (ESAs).
Premium
October 16, 2025
How you approach fire safety risk management in BESS was a big talking point yesterday at the Battery Asset Management Summit UK & Ireland 2025.
October 15, 2025
The value of developers and optimisers in the BESS lifecycle, thinking about long-term risk and KPIs for maximising the asset have been key themes at the Battery Asset Management Summit UK & Ireland 2025.
October 10, 2025
BESS asset management in the UK has moved beyond the rudimentary ‘project delivery and basic O&M’ approach, a speaker at the upcoming Battery Asset Management Summit UK & Ireland explained in a Q&A.

Most Popular

Email Newsletter