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.