Infrastructure finance case study: Stabilizing and managing excess solar and wind generation in Australia

The country’s first ever non-recourse project financing allocated to a BESS project

The Asset 15 Sep 2021

Project sponsor Vena Energy alongside several financial institutions partnered up to structure a debt facility for the construction of a battery energy storage system located near the town of Wandoan. The BESS is expected to have a discharge capacity of up to 100MW and store capacity of 150MWh of energy.

The Wandoan South Battery Energy Storage System A$110 million debt facility wins Battery Storage Deal of the Year, Global and Battery Storage Deal of the Year, Australia awards at The Asset Triple A Infrastructure Awards 2021.

For more information about the awards please click here.

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