Asia Infrastructure Awards 2019 - Best Deals by Country -Australia

The Asset Triple A
Infrastructure Awards 2021

Country deal awards (Australia)

Australia
Battery storage deal of the year
Wandoan South Battery Energy Storage System
A$110 million debt facility
Sponsor
Vena Energy
Mandated lead arrangers
BNP Paribas, DBS, ING
Legal adviser
Ashurst, DLA Piper
The landmark project is Queensland’s largest battery energy storage system, capable of powering up to 52,000 Australian homes. This transaction represents Australia’s first-ever non-recourse project financing of a utility-scale battery energy storage project.
Renewable energy deal of the year – Solar
Western Downs Green Power Hub
A$587 million solar farm project financing
Sponsor
Neoen
Financial adviser
ICA Partners
Mandated lead arrangers
Commonwealth Bank of Australia, MUFG Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, Nord LB, HSBC, Natixis
Legal advisers
White & Case, King & Wood Mallesons
The 460-MWp solar farm will be the largest of its kind in Australia, with an ability to produce over 1,080 gigawatt-hours of electricity per year. The project will displace 864,000 tonnes of carbon dioxide emissions and power 235,000 homes, while reducing electricity costs in Queensland.
Renewable energy deal of the year – Wind / Green project of the year
Murra Warra 2 Finco Pty Limited
A$440 million wind farm project financing
Sponsor
Partners Group
Mandated lead arrangers
ICBC, ING, Mizuho Bank, MUFG Bank, Societe Generale, Sumitomo Mitsui Banking Corporation
Second party opinion provider
Sustainalytics
Legal advisers
King & Wood Mallesons, Ashurst
This is the first time a project finance green loan is used to fund the construction of a wind farm in Australia. It has obtained a green loan accreditation and that the transaction aligns with the four core components of the Green Loan Principles 2020. This is the first greenfield project financing to take place post Covid-19 and the project will displace over 14 metric tonnes of carbon emissions over its lifetime.
Transport deal of the year
Canberra Metro Finance Pty Limited
A$280 million refinancing
Sponsors
Pacific Partnerships, John Holland, Aberdeen Standard Investments, Mitsubishi Corporation
Financial adviser and green structuring adviser
MUFG Bank
Mandated lead arrangers and green loan coordinators
ANZ, Commonwealth Bank of Australia
Mandated lead arrangers
ING, Mizuho Bank, National Australia Bank, Sumitomo Mitsui Banking Corporation
Legal advisers
Allens Linklaters, Herbert Smith Freehills
The debt facility was refinanced with a green loan certified by Climate Bonds Initiative under the Low Carbon Transport criteria. The green loan has been issued in accordance with Asia-Pacific Loan Market Association Green Loan Principles, the first Australian public-private partnership project to secure such achievement.