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Friday, 23 February 2018

Infigen to refinance

PFI Issue 619 - February 21, 2018

Renewables energy company Infigen Energy is in the process of refinancing bank debt of A$525m (US$415) comprising a five-year A$160m amortising facility and a five-year, A$365 bullet term facility with a bond.

Tilt to build solar/battery and hydro

PFI Issue 619 - February 21, 2018

Tilt Renewables intends to build a A$90m (US$70m) 44MW solar farm and a 21MW/26MW battery storage system next to its existing wind farm at Snowtown in South Australia.

SA government approves pumped hydro projects

PFI Issue 619 - February 21, 2018

The South Australian government has given grants to four new pumped hydro storage plants to be located in the Upper Spencer Gulf.

Windlab receives approval for wind farm

PFI Issue 619 - February 21, 2018

The Queensland government has given the go-ahead to renewables company Windlab to build a A$200m (US$157m), 100MW wind farm on the Cape York Peninsula in the state’s north.

ABN and ING into Cooper Energy loan

PFI Issue 619 - February 21, 2018

ABN AMRO and ING Bank participated in the A$250m (US$181m) seven-year loan for oil and gas company Cooper Energy Ltd with substitutions completed in January, according to LPC.

Woodside looks to expand Pluto LNG

PFI Issue 619 - February 21, 2018

Woodside intends to expand the Pluto LNG plant at Karratha in West Australia to meet what it believes will be a gas shortage from 2020.

Lockyer Valley gas plant receives approval

PFI Issue 619 - February 21, 2018

US-based Quinbrook Infrastructure Partners has received approval from the Federal government to build a 1000MW gas-fired power station in the Lockyer Valley in south-east Queensland, according to local reports.

More woes for Wicet

PFI Issue 619 - February 21, 2018

The lenders to the Wiggins Island Coal Loader (Wicet) in Queensland are reported to have knocked back a proposal to extend the loan that is due in September by five years. The company has debts of about A$3.8bn (US$3bn).

CIMIC seeks seat at WestConnex sale table

PFI Issue 619 - February 21, 2018

ACS-owned contractor Cimic is seeking a partner to enter the bidding for the New South Wales government’s sale of 51% of the WestConnex greenfield/brownfield toll road project, according to market participants.

Equis Energy reaches FC on Tailem Bend

PFI Issue 619 - February 21, 2018

Equis Energy has reached financial close on its 127MW Tailem Bend solar project in South Australia. The seven-year, A$200m (US$159m) loan was provided by MUFG, BNP Paribas and CBA.

Carnegie Clean Energy wins solar auction

PFI Issue 619 - February 21, 2018

Carnegie Clean Energy has won the West Australian government auction to build a 100MW solar farm and 20MW storage facility at the Mungari Strategic Industrial Area near Coolgardie in West Australia.

Risen Energy looks to expand

PFI Issue 619 - February 21, 2018

Chinese company Risen Energy, which received approval to build a 121MW solar project near Toowoomba, Queensland recently, is looking to buy more projects and is doing due diligence on two of them.

Innogy on the acquisition trail

PFI Issue 619 - February 21, 2018

German renewables company Innogy has paid US$565m for two renewable projects in New South Wales in what it says is the beginning of a plan to become a significant player in the local renewables market.

Tilt Renewables submits VREAS bid

PFI Issue 619 - February 21, 2018

Tilt Renewables has submitted a bid into the Victorian Renewables Energy Auction Scheme (VREAS) to secure a 15-year power purchase agreement (PPA) to allow the A$600m (US$472m) construction of its Dundonnell wind farm.

ReNu Energy completes Amaroo solar acquisition

PFI Issue 619 - February 21, 2018

ReNu Energy has completed the acquisition of the 600kW Amaroo solar project in Canberra from Vivo Power.

DIF seeks Warradage wind farm finance

PFI Issue 619 - February 21, 2018

Dutch fund manager, DIF, is rumoured to be in discussions with banks to fund the 180MW Warradage wind farm in West Australia.

SA govt approves hydrogen plant

PFI Issue 619 - February 21, 2018

The South Australia government has approved the construction of an A$117.5m, (US$92m), 15MW hydrogen plant near Port Lincoln.

AGL outlines renewables plan

PFI Issue 619 - February 21, 2018

AGL intends to step up its move into the renewables business and will conduct an auction to acquire about 500MW of renewable energy projects at a cost of around A$900m (US$707m).