Global law firm White & Case LLP has advised Equis, a prominent investor in renewable energy, on securing the largest non-recourse debt financing package for an Australian grid-scale battery energy storage system (BESS). The Melbourne Renewable Energy Hub (MREH), co-owned by Equis and Victoria’s state-owned State Electricity Commission, consists of three stages of 200MW/800MWh each. The AUD$400 million financing, raised from a debt syndicate including Export Development Canada, Societe Generale, Standard Chartered Bank, and Westpac Banking Corporation, will support the construction of the third stage of MREH. White & Case’s role underscores the continuing global demand for investments in Australia’s energy transition.
Renewable Energy, Legal Services, Financial Services, Energy Infrastructure,Australia, Canada, France, United Kingdom
https://www.whitecase.com/news/press-release/white-case-advises-equis-non-recourse-debt-financing-melbourne-renewable-energy