Ashurst advises a lending syndicate of 11 banks on Neoen's A$1.1 billion energy portfolio financing

Global law firm Ashurst has advised a lending syndicate on Neoen's A$1.1 billion renewable energy portfolio financing.

Neoen is an independent French producer of renewable energy and is active in 16 countries. They are the largest renewable energy company in Australia with 3.7 GW of capacity under construction or in operation.

The syndicate of 11 Australian and international lenders involved Australia and New Zealand Banking Group, Bank of China, Clean Energy Finance Corporation, Commonwealth Bank of Australia, China Construction Bank Corporation, The Hongkong & Shanghai Banking Corporation, ING, Mizuho, MUFG Bank, Societe Generale and Westpac.

The portfolio includes existing operating assets including Western Downs Green Power Hub, Coleambally Solar Farm, Hornsdale Wind Farms, and Collie Battery Stage 1 currently under construction in Western Australia.

The Ashurst team was led by partner Chris Redden, who was assisted by: Counsel Douglas Fung, senior associates Stephen Blair, Michelle Gaynor and Adam Skibsted, and associate Jonathan Chew (Projects & Energy Transition); partner Ian Kellock, Counsel Bronwyn Kirkwood, and associate Hayley Young (Tax); associate James-Herbert Trumble (Global Loans); and associate Rebel O'Connor (IP/Media).