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TagEnergy has announced the closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000 (equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors.
The green bond will be instrumental in supporting the growth of its renewable energy portfolio of onshore wind, battery energy storage systems (BESS) and solar PV assets across the UK, Europe and Australia. TagEnergy was founded in 2019 by management and the Impala Group, and now counts Mirova and Omnes as additional shareholders. TagEnergy has achieved financial close on several renewable energy projects within its portfolio recently, including the 756MW first stage of the 1.3GW Golden Plains Wind Farm onshore wind project in Victoria, Australia, as well as four BESS facilities across the UK totalling 169MW. The first €270,000,000 (equivalent) tranche adds to the existing funding sources for the construction of the first stage of Golden Plains Wind Farm with the remaining up to €300,000,000 (equivalent) follow on tranche dedicated to TagEnergy’s other global renewable assets.
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