Share

Impact Investment Group’s $32 million Swan Hill Solar Farm located in northern Victoria has reached financial close that once complete will have a total generating capacity of approximately 19 megawatts.

Herbert Smith Freehills advised on all aspects of the transaction including the project financing, procurement, connection, off take, property, planning and environment.

Herbert Smith Freehills partner Jon Evans said, “Achieving financial close for a new solar project being developed on a merchant basis shows the rapid pace at which the market for these projects is moving. We congratulate IIG on this achievement and its commitment to continue to drive the renewable energy market forward with landmark projects such as this.”

The project will be supported by $16.5 million in debt financing from Infradebt, a specialist fund manager, via its Infradebt Ethical Fund. This newly established fund is focused on renewable projects that will operate on a merchant basis.

©2024 Utility Magazine. All rights reserved

CONTACT US

We're not around right now. But you can send us an email and we'll get back to you, asap.

Sending

Log in with your credentials

Forgot your details?