Revera Energy is confident it now has the financial backing to pursue its renewable energy projects across two countries including Australia.
Revera Energy secured an expanded US$150 million (about AU$214 million) credit facility, strengthening its ability to accelerate a growing pipeline of battery storage, solar and green hydrogen projects across Australia and the United Kingdom.
The independent energy infrastructure platform, backed by global investment firm Carlyle, said the upsized facility reflects strong institutional confidence in its development capabilities and positions the business to capitalise on surging demand for grid-scale energy infrastructure in two of the world’s most active battery storage markets.
“This funding enhancement accelerates Revera’s ability to take advantage of increasing demand in Australia and the UK for grid-scale storage and renewable generation capacity, supporting its continued progress as a leading player in the sector,” said Richard Hoskins, Chairman of Revera Energy and Managing Director in Carlyle’s Infrastructure Group.
Nomura acted as sole bookrunner and lead arranger for the facility and is expected to further upsize the financing in the near term. Norton Rose Fulbright served as lender’s counsel, while A&O Shearman acted for the borrower.
The additional funding will fast-track several late-stage projects across Revera’s diversified portfolio. In Australia, the facility will support construction of the 150MW/300MWh Bungama Stage 1 battery in South Australia, which is scheduled to reach commercial operation in Q2 2026. Revera also plans to accelerate development of at least 600MW/2,400MWh of additional battery capacity across the National Energy Market, with its next 250MW project expected to reach notice to proceed in Q3 2026. The company also manages 158MW of operational solar assets in New South Wales.
In the UK, Revera will advance more than 1,000MW/2,000MWh of late-stage battery storage projects. The first 200MW project is expected to reach notice to proceed in early 2026, with a further 800MW to follow over the next 12 months. These projects aim to ease key transmission bottlenecks and enable Scottish wind generation to flow south to major demand centres.
