Epuron and Infradebt have together announced a new $22.2 million senior debt facility for Epuron’s portfolio of operating solar assets in the Northern Territory.
The facility covers:
- 4MW of ground mounted, solar tracking capacity at the Uterne solar farm at Alice Springs
- 1.8MW of ground and roof mounted solar capacity at the Voyages Ayers Rock Resort located at Yulara
- 1MW of ground mounted solar and batteries at the communities of Ti Tree, Kalkarindji and Lake Nash
The facility refinances the initial debt finance provided by the Clean Energy Finance Corporation (CEFC).
The loan represents the seventh investment across 16 individual projects by the Infradebt Ethical Fund since its first close in September 2017.
“Epuron would like to recognise the CEFC for its support over the last four years and is excited to have Infradebt on board as a finance partner,” Epuron Co-Founder, Martin Poole, said.
Infradebt CEO, Alexander Austin, said that Infradebt is pleased to finalise the refinancing of the Epuron portfolio.
“We have worked closely with Epuron to provide a highly customised facility that complements the unique attributes of the underlying projects. We look forward to working with Epuron in the future and assisting them with their future development pipeline.”
Lauren Butler is the assistant editor for Utility Magazine. She’s based in Melbourne, Australia.