Vena Energy raises AU$1.4 billion in green finance for Australian solar and battery storage expansion
By
JP Casey
1d ago· 4 min readenNews
Summary
Singapore-based clean energy developer Vena Energy has secured AU$1.4 billion (US$970 million) in green finance to support the development of 614MW of solar PV capacity and 1,141MWh of battery energy storage systems (BESS) in Australia. The financing was provided by a consortium of lenders including BNP Paribas, ING Bank, and Sumitomo Mitsui Banking Corporation, split across two transactions. The funding will scale Vena Energy's Australian platform, building on existing hybrid solar-plus-storage facilities like the Tailem Bend 2 project.
Source
bskyVena Energy raises AU$1.4 billion in green finance for Australian solar and battery storage expansionenergy-storage.newsKey quotes
· 2 pulledThe financing was provided by a range of lenders, including BNP Paribas, ING Bank, and Sumitomo Mitsui Banking Corporation, and is split across two transactions.
Vena Energy has raised AU$1.4 billion (US$970 million) in green finance to support 614MW of solar PV capacity and 1,141MWh of battery energy storage systems (BESS) in Australia.
Vena Energy has raised AU$1.4 billion in green finance to support 614MW of solar PV capacity and 1,141MWh of BESS in Australia.
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