Deutsche Bank Supports Largest Windfarm in East Australia
Deutsche Bank's APAC Corporate Bank closed its fifth Renewable Energy Project Finance deal in Australia in 2022. They did this by being the Mandated Lead Arranger and Hedge Provider for the A$723 million financing of Nebras Power Australia's (Nebras) and Goldwind Australia's 528MWp Stockyard Hill Wind Farm in Victoria, Australia.
This is Deutsche Bank's second transaction in Australia's Renewable Energy Sector in December, following the financing of Solar United Network's (SUN Energy) Merredin 132MW Solar Farm in Western Australia a week earlier.
Rachel Chia, Head of Project Finance, Corporate Bank in Asia Pacific: “We are thrilled to finance Stockyard Hill before year-end and continue our strong trajectory in the sustainable finance space in Australia. Tremendous efforts from all parties to get to a financial close, and we would like to extend our congratulations to the Nebras and Goldwind Australia teams, being advised by Lazard Australia. We look forward to further expanding our portfolio in the region in 2023.”
Stockyard Hill is Australia's largest operational wind farm on the east coast. The project has 149 Goldwind wind turbines and generates enough green electrons to power 425,000 homes per year.
This deal shows that the bank is good at offering a suite of products to meet the project financing needs of its clients.
Source: Deutsche Bank