Infradebt and Enerparc Australia (Enerparc) are pleased to announce the close of a A$8.5 million senior debt facility for Enerparc’s Peak Hill and Trundle Solar Farms. Both projects are 5MWac utility scale solar facilities located near Parkes in NSW. Construction for both projects is already underway and is expected to be completed in Q2 2020. The senior debt facility will be funded by the Infradebt Ethical Fund and the Clean Energy Finance Corporation (CEFC) (under Infradebt’s mandate with the CEFC).
Enerparc AG was founded in Nov 2008 and focuses on the development, construction and operation of large PV power plants. Enerparc is a substantial independent power producer (IPP) owning over 1.7 GW of solar PV plants in Europe. In 2017, Enerparc established its Australian operations and has a strategy of developing, building and owning a portfolio of solar PV plants across Australia.
Quote attributable to Ben Hannig, Managing Director of Enerparc Australia:
“It’s great to have senior debt finance in place for Peak Hill and Trundle. Construction is well underway, with first generation due in Q2 2020. We look forward to continuing to build our portfolio of Australian projects in partnership with Infradebt.”
Quote attributable to Alexander Austin, CEO, Infradebt:
“Infradebt is pleased to finalise its part in financing the Peak Hill and Trundle Solar Farms, we have worked closely with Enerparc over the past three months to provide a senior debt facility that supports their strategy in Australia. We look forward to working with Enerparc in the future and assisting them with their future development pipeline.
2019 has been a busy year for Infradebt. This transaction marks the 22nd and 23rd project financed by the Infradebt Ethical Fund since its first close in September 2017. We are pleased to have executed on IEF’s strategy over the year and assembled a diverse portfolio for IEF. The portfolio is well positioned – with attractive returns and is well diversified by project, technology and offtake.”
Infradebt
Infradebt is a specialist fund manager providing clients with direct access to infrastructure private debt markets. Infrastructure debt benefits from the stable and secure revenue streams inherent in the asset class. There is a natural alignment between long-term investment horizons of superannuation funds and the borrowing needs of infrastructure projects.
Infradebt has an experienced team with decades of global infrastructure investment experience. We have invested across the capital structure and through market cycles. As an independent manager owned by its senior staff, our interests are aligned with the long-term returns we deliver for our investors. Our focus is simple, we deliver secure yield.
More information on Infradebt is available at www.infradebt.com.au
For further information contact Alexander Austin at alexander.austin@infradebt.com.au or 0414 507 505.
About Enerparc Australia
Enerparc AG is a global expert in developing, engineering, building, and operating large-scale photovoltaic (PV) systems. As an EPC contractor, our company has connected over 2,500 MW of solar systems to electricity grids, a knowledge base we draw upon to combine speed, flexibility, and high quality in delivering projects. With local presence in all active solar markets like Europe, Middle East & Asia, we are also one of the largest Independent Power Producers (IPP) in solar energy with more than 250 discrete solar projects in our own portfolio, with an installed capacity of over 1700 MW and growing.
More information on Enerparc is available at www.enerparc.com