Neoen announces that it has finalized the financing of a diversified portfolio of renewable energy assets representing a total of 1.5 GW, for a total amount raised in excess of A$1.1 billion, with maturities of five and seven years.

The portfolio comprises seven solar and wind farms in operation in South Australia, New South Wales, Queensland and Victoria, and Collie Battery Stage 1, currently under construction in Western Australia.

The financing, one of the largest for a portfolio of renewable assets in Australia, is being provided by a group of eleven Australian and international lenders, including ING and Société Générale.

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