Mytilineos completes a Financing Plan

Mytilineos reaches financial close with lenders ANZ and Westpac for the financing of three solar power plants in Australia.

Partagez:

Mytilineos reaches financial close with lenders ANZ and Westpac for the financing of three solar power plants in Australia.

A project composed of three solar parks

Mytilineos specifies that the financing concerns the solar parks of Moura, Wyalong and Kingaroy in Australia. The 237MWp portfolio was subject to a phased acquisition between 2019 and 2020. The transactions were part of the company’s strategic investment in the Australian market.

Mytilineos’ portfolio includes the 110MWp Moura solar farm at Banana Shire in Queensland. In addition, it integrates the 75MWp Wyalong solar field in Bland Shire, New South Wales. Finally, the portfolio also includes the 53MWp Kingaroy solar park.

Once built, these solar farms will produce about 500GWh of renewable energy per year. This power will reduce carbon dioxide emissions by approximately 400,000 tons per year. Nikos Papapetrou, executive director of Mytilineos Renewables says:

“Australia is a key market for Mytilineos’ global renewable energy development strategy, which extends across the Asia Pacific, Europe and Latin America regions. We are pleased with the confidence in the Company and our vision in the region and look forward to many more successful financings for our future projects.”

Expansion in Australia

The majority of the electricity generated by the three projects will be sold under power purchase agreements (PPAs). In addition, the duration of APPs ranges from 7 to 10 years. For example, Moura has a PPA with CS Energy, Wyalong with NBN Co and Kingaroy with Smartest Energy.

The financing is structured as a combination of term, construction and ancillary facilities. In addition, the package totals A$234 million. ANZ’s Executive Director, Corporate Finance, Mark Clover, states:

“We are delighted to support Mytilineos’ second portfolio of investments in Australia, aimed at providing valuable renewable energy generation in New South Wales and Queensland as the states go net zero. As a global renewable energy company, Mytilineos’ expansion in Australia is encouraging and aligns with ANZ’s goal of financing and facilitating A$100 billion of sustainable solutions by 2030.”

Indeed, this is the second project financing of Mytilineos in Australia. In addition, this is the company’s second international solar investment plan. In addition, the company says it wants to continue its development in Australia by building additional projects in 2023.

Linklaters Allens acted as borrower’s counsel and White & Case as advisor. Vector Renewables acted as technical advisor and Baringa as market advisor. Finally, Willis Towers Watson acted as insurance advisor and Ernst & Young acted as tax advisor.

TotalEnergies will develop a 1.8 MW photovoltaic installation for Daehwa Pharmaceutical, covering approximately 20% of the annual energy requirements of the production site located in Hoengseong-gun, South Korea, under a 20-year agreement.
Quinbrook Infrastructure Partners announces full operational launch of Cleve Hill Solar Park, now becoming the largest active photovoltaic power plant in the United Kingdom with a total installed capacity reaching 373 MW.
European photovoltaic module manufacturer BISOL is integrating G12R solar cells into its product range, replacing the former M10 cells, to improve product performance and technological competitiveness starting from the second quarter of 2025.
Adani Green Energy Limited becomes the first Indian company to achieve 15,539.9 MW of operational renewable capacity, cementing its position among the global top 10 independent green power producers.
Italian group Pronur establishes itself in Saudi Arabia with support from AstroLabs, aiming to provide advanced technologies in the renewable energy sector and develop new industrial partnerships.
Ascent Solar Technologies, Inc. announces the launch of a $2mn public offering to finance working capital, product development and general expenses.
Ardian Clean Energy Evergreen Fund takes control of 117 photovoltaic plants totalling 116 MW in Italy, further consolidating its presence in the country’s renewable energy sector.
Zelestra has secured $282mn financing from Natixis CIB, BNP Paribas and BCI for its Aurora project, combining a 220 MWdc solar plant and 1 GWh storage capacity in the Tarapacá region, Chile.
Egypt has been building an industrial photovoltaic solar complex in Ain Sokhna since June 19, aiming to stimulate strategic local production with a total investment of $200 million funded by the Chinese group Sunrev.
Générale du Solaire has inaugurated in Leutenheim, Bas-Rhin, a floating photovoltaic plant of approximately 20 MWc installed on a former gravel pit, marking the region's first large-scale project supported by successful local participatory funding.
Namibia begins construction of its largest solar plant, Sores|Gaib, aiming to reduce dependence on energy imports by leveraging its solar potential, considered among the highest globally according to the World Bank.
Bangladesh’s interim government has ordered mandatory deployment of solar systems on public building rooftops to reduce reliance on costly fossil fuel imports amid a fragile economic backdrop.
The Energy Progress Report 2025 shows an improvement in global electricity access to 92%, but highlights that 666 million people remain without electricity, particularly due to insufficient international funding for rural areas.
Estimated at $384.4mn in 2025, the global photovoltaic panel recycling market is expected to grow annually by 7.4%, reaching $548mn in 2030, driven by the rapidly increasing number of installations reaching end-of-life.
Estimated at $613.57bn in 2025, the global photovoltaic market is expected to reach $968.32bn by 2030, driven by declining costs and growing demand from residential and utility sectors, according to a MarketsandMarkets analysis published on June 26.
Sasol International Chemicals concludes a virtual contract with Akuo to supply half of the electrical needs for its Lake Charles industrial complex in the United States, via a solar plant scheduled for 2026.
Eurowind Energy initiates a €174.8mn investment to build a 220 MW solar park in Vișina, Romania, capable of supplying around 150,000 households annually.
CleanCapital expands its portfolio by acquiring solar and energy storage assets totaling 27 MW in California and Massachusetts from Pacifico Energy to meet growing demand in the United States.
BrightNight and Cordelio Power commission a major 300 megawatt solar project in Arizona, attracting significant investments from JPMorgan and Capital One, with estimated local economic benefits of $180mn.
Austria is launching an unprecedented 20% bonus on photovoltaic subsidies to promote equipment manufactured in Europe, with a total envelope of €20 million dedicated to solar installations and energy storage systems.