Infradebt funds Risen Energy’s 103MW Yarranlea Solar Farm
Canberra, 21 June 2021 - Infradebt and Risen Energy Australia are pleased to announce the close of a senior debt facility for the 103MW Yarranlea Solar Farm. The project is Infradebt’s third large-scale utility-scale solar farm in Queensland financed on a full merchant basis. For Risen Energy, the Yarranlea Solar Farm is one of two large scale projects currently owned and operated in Australia with the other being the Merredin Solar Farm in Western Australia.
The Yarranlea Solar Farm is located 180km west of Brisbane and showcases Risen Energy’s tier 1 monocrystalline PERC solar panels. With a forecast generation yield of 273GWh per annum, the project will power 32,000 Queensland households and displace 215kt of CO2 emissions. The project is fully operational and exporting into the Queensland energy market.
Quote attributable to Alexander Austin, CEO, Infradebt:
“As a specialist credit manager in renewable energy we are looking for stable and steady income streams. Our solutions provide borrowers with flexibility whilst recognising the long‑term intrinsic value of merchant projects.
Infradebt is pleased to finance the Yarranlea Solar Farm and have worked closely with Risen Energy Australia to provide a debt facility that supports their strategy.
2021 has been a busy year for Infradebt. This transaction marks the 27th project financed by Infradebt since inception. We are pleased to have executed on our mandates over the past few years in assembling a diverse portfolio of renewable debt investments.”
Quote attributable to Eric Lee, General Manager of Risen Energy Australia:
“Risen is proud of its landmark Yarranlea project in Australia. It is great to have senior debt finance in place for the Yarranlea Solar Farm. We look forward to continue building our portfolio of Australian projects.”
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 Risen Energy Australia
Risen Energy Australia established its presence in the Australian market in 2008 supplying solar PV panels and energy storage systems to the residential market, commercial market and utility-developers. Risen is also an investor, a developer and solution provider for large commercial and utility-scale projects. In recent years their presence in Australia has expanded and Risen is currently regarded as one of the top five panel suppliers in the rooftop sector.
Their specialised panel sales, project development and O&M teams enable them to provide a one-stop solution for renewable projects. What sets them apart from their competitors is the ability to offer flexible and innovative project investment and strategic support to their customers.
Risen commenced investments in utility-scale solar in 2018 and its Australian subsidiary is growing rapidly. Risen currently owns and operates two large solar farms in Australia, the 103MW Yarranlea Solar Farm in Queensland and the 100MW Merredin Solar Farm in Western Australia. The Risen Energy Board has a target of 2GW of utility-scale solar in Australia.
More information on Risen Energy Australia is available at www.risenenergy.com.au
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