Neoen has completed joint financing of the second tranche of Goyder South wind farm and Blyth Battery in Australia.
Neoen has reached financial close on the 203MW second tranche of its Goyder South Stage 1 wind farm and its 238.5MW/477MWh Blyth Battery.
Both assets are entirely owned by Neoen with debt financing provided by a group of five lenders.
The two projects are underpinned by a 70MW renewable energy baseload contract with BHP to power its Olympic Dam mine in South Australia.
Construction of the second tranche of Goyder South Stage 1 and Blyth Battery are underway, and both are expected to be operational by mid-2025.
The projects have been jointly financed by a combination of equity provided by Neoen and debt facilities from a group of five lenders including the Clean Energy Finance Corporation, KfW IPEX-Bank, ING, Mizuho and Westpac.
The two projects are located 150 km apart in the Mid-North region of South Australia.
Goyder South Stage 1 and Blyth Battery are both under construction, delivering a major boost to the local and regional economy.
There are more than 400 construction workers currently on site for this part of Goyder South and a team of 40 at Blyth Battery, while 15 permanent positions are expected during operations.
In its entirety, Goyder South Stage 1 is Neoen’s largest wind power asset worldwide.
Louis de Sambucy, Neoen Australia’s CEO, said: “We are delighted to announce the joint financing of the second portion of Goyder South alongside Blyth Battery and we sincerely thank the lender group for their trust and commitment.
“We are looking forward to powering BHP’s Olympic Dam mine with baseload renewable energy.”