Neoen reaches financial close of A$370m Kaban Green Power Hub

Elgar Middleton is delighted to have advised Neoen on the financing of the 157MW Kaban Green Power Hub in Queensland, Australia

The project benefits from a 15 year capacity purchase agreement (CPA) with CleanCo Queensland and also involves the upgrade of a 320km transmission line between Cairns and Townsville that supports renewable energy in the region.

The financing package is provided by a syndicate comprising BNP Paribas, HSBC, MUFG, NAB and NORD/LB and includes a number of features which deliver material value for Neoen.

Elgar Middleton advised Neoen throughout the financing process which marks the fourth successful cooperation between Neoen and Elgar Middleton across Australia and Europe.