Neoen reaches financial close on Bulgana Green Power Hub

In:

Agriculture/food chain, Renewable energy, Traditional energy

Region:

Asia-Pacific

Neoen Australia has reached financial close on the $350 million Bulgana Green Power Hub project located near Stawell in Western Victoria, with long term debt supplied by KfW IPEX-Bank, Societe Generale and the Korea Development Bank (KDB). The development comprises of a 194MW wind farm and a 20MW/34MWh power storage facility and will supply the new $215 million Nectar Farms glasshouse facility with 15% of its output. The governement of Victoria signed a 15-year PPA for a portion of the output.

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