Aussie Transgrid inks USD-466m loan to integrate new renewables

Author: Nick Page. License: CC BY 2.0

February 15 (Renewables Now) - New South Wales grid operator Transgrid last week announced a AUD-600-million (USD 466m/EUR 385m) loan facility to fund the construction of infrastructure needed to facilitate the connection of new renewable projects.

A group of existing and new bank partners provided the new five-year facility to Transgrid's unit Transgrid Services. RBC Capital Markets and King & Wood Mallesons advised the grid operator on the transaction.

"[This debt facility] enables us to continue the delivery of services to our fast growing pipeline of long-term contracted load and renewable energy infrastructure," Richard Lowe, executive manager business growth, commented.

(AUD 1.0 = USD 0.777/EUR 0.641)

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Before joining Renewables Now, Alex was a UK-focused business news reporter. Now she is covering global news from the renewable energy industry with a special interest in M&A.

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