Neoen Australia portfolio financing adds renewables capacity
Crowding in capital to support new clean energy generation
The CEFC is backing the buildout of renewable energy generation in Australia, through a commitment of up to $100 million towards a $1.8 billion debt financing by Neoen Australia.
$100 million
CEFC commitment
1.2 GW
capacity
Five
renewable and storage projects
Our investment
The CEFC has committed up to $100 million, as part of a group of 13 lenders, towards a $1.8 billion debt package that Neoen Australia is using to back a 1.2 GW portfolio of renewable energy projects.
Australian and international lenders also include ANZ, Bank of America, Bank of China, EDC, HSBC, ING, KfW IPEX, Mizuho, NAB, UOB, Société Générale, and Westpac.
By November 2026, Neoen, a major renewable energy developer in Australia, had contributed more than 6 GW of wind, solar and storage capacity to Australia’s clean energy transition.
The CEFC has a long-standing relationship with Neoen and has previously financed a range of its solar, wind and battery projects.
OUR IMPACT
The CEFC has a strong track record of providing catalytic capital to renewable energy projects to accelerate Australia's transition to a low-emissions economy.
As Australia’s renewable energy market consolidates, operating projects are increasingly being combined into larger platforms with substantial development pipelines and ambitions for further greenfield investment. This creates an opportunity to leverage established portfolios to support the development and delivery of new renewable generation capacity.
The CEFC is committed to supporting this evolution by financing portfolios where there is a clear pathway to continued greenfield development, construction and expansion. This approach enables CEFC capital to support the next wave of projects required to increase Australia’s renewable generation capacity and mobilise additional private sector investment.
When the Neoen Australia debt financing reached financial close in October 2026, it supported a portfolio of assets which were either operating or under construction.
Under construction:
– Narrogin Wind Farm (179 MW) in Western Australia
– Culcairn Battery (215 MW / 963 MWh) in New South Wales
Operating:
– Hornsdale Power Reserve (150 MW / 193.5 MWh) in South Australia
– Goyder South Wind Farm Stage 1A (209 MW) in South Australia
– Culcairn Solar Farm (440 MWp) in New South Wales.
