Potentia Energy, a renewable energy project developer, secured approximately AUD$830 million (~$552 million) in debt financing for a diversified renewable energy portfolio comprising solar, wind, and hybrid battery energy storage systems.
The portfolio includes six projects across Australia, totaling more than 600 MW of capacity.
A consortium of seven Australian and international financial institutions, including Bank of China, BNP Paribas, The Hongkong and Shanghai Banking Corporation Limited, Mizuho Bank, Societe Generale, Sumitomo Mitsui Banking Corporation, and Westpac Banking Corporation, provided the debt financing for the portfolio.
The funding will be used to support the company’s pipeline of utility-scale solar, wind, and battery energy storage projects, including projects currently under construction across regional Australia.
Citi acted as the financial advisor on the transaction, Allens as legal advisor to Potentia Energy, and Ashurst as legal advisor to the lenders.
In May 2025, the company secured access rights for the 1 GW Tallawang Solar Hybrid project, which includes a 500 MW solar and a 500 MW/1 GWh battery energy storage system, located in the Central-West Orana Renewable Energy Zone.
In February 2025, the company acquired more than 1 GW of a portfolio of renewable energy projects across Australia from CVC DIF and Cbus Super. The portfolio comprises approximately 700 MW of operational solar and wind projects across multiple states and the Australian Capital Territory, alongside over 430 MW of late-stage developments, including South Australian and Queensland battery energy storage systems, and a Western Australian wind project which recently achieved financial close.
According to Mercom’s 9M and Q3 2025 Solar Funding and M&A report, large-scale project funding increased by 43% in the first nine months of 2025 compared with the same period in 2024.
In December 2025, BayWa r.e., a renewable energy project developer, secured financing for the Jacumba Valley Ranch (JVR) Energy Park, which includes 90 MWac/127 MWdc solar and 70 MWac/280 MWh battery energy storage capacity located in Southeastern San Diego County, California.
