The syndicate comprises 11 banks, including CBA, HSBC and ANZ
Ashurst has assisted a syndicate of lenders on the financing of Neoen's $1.1bn renewable energy portfolio.
This portfolio encompasses operational assets like the Western Downs Green Power Hub, Coleambally Solar Farm, Hornsdale Wind Farms, and Collie Battery Stage 1. The syndicate comprises 11 Australian and international lenders: Australia and New Zealand Banking Group, Bank of China, Clean Energy Finance Corporation, Commonwealth Bank of Australia, China Construction Bank Corporation, The Hongkong & Shanghai Banking Corporation, ING, Mizuho, MUFG Bank, Societe Generale, and Westpac.
Partner Chris Redden headed up the Ashurst team, supported by counsel Douglas Fung; senior associates Stephen Blair, Michelle Gaynor, and Adam Skibsted; as well as associate Jonathan Chew (projects and energy transition). The team also included partner Ian Kellock, counsel Bronwyn Kirkwood and associate Hayley Young (tax); associate James-Herbert Trumble (global loans); and associate Rebel O'Connor (IP/media).
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Neoen is a French renewable energy producer operating in 16 countries, It has a capacity of 3.7GW, either under construction or operating.