Neoen, an independent renewable energy producer that develops, finances, builds, and operates large-scale solar, wind, and battery storage projects, has secured A$1.8 billion (~$1.26 billion) in debt financing from 13 Australian and international lenders for its 1.2 GW renewable energy portfolio in Australia.

The portfolio comprises five assets, including two wind farms, two battery storage projects, and a solar project across South Australia, New South Wales, and Western Australia. It includes operational projects and those under construction.

The participating lenders 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.

In South Australia, the financed portfolio includes the 150 MW/193.5 MWh Hornsdale Power Reserve battery storage project and the 209 MW Goyder South Wind Farm Stage 1A.

In New South Wales, the portfolio comprises the 440 MWp Culcairn Solar Farm and the 215 MW/963 MWh Culcairn Battery. The fifth asset is the 179 MW Narrogin Wind Farm in Western Australia.

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.”

Including the latest transaction, Neoen has raised over A$5 billion (~$3.4 billion) in debt financing since 2024, covering 4.7 GW of combined wind, solar, and battery storage capacity across 20 assets in multiple Australian states.

According to the release, the company has contributed over 6 GW of wind, solar, and energy storage capacity to Australia. The company aims to reach 10 GW of capacity in the country by 2030, supported by its development pipeline and multibillion-dollar investment plan.

In November 2025, the company entered into an agreement with Plenitude, a subsidiary of Eni, to sell a 760 MW portion of its French operating asset portfolio, which consists of 52 renewable energy assets, including 37 solar projects, 14 onshore wind projects, and one battery storage project.

Announced large-scale solar project funding increased by 75% in the first nine months of 2026 compared with the funding raised in the same period in 2025, according to Mercom’s recently released 9M and Q3 2026 Solar Funding and M&A report.