Vena Energy, an independent solar power producer, has secured approximately A$1.4 billion (~$965 million) in green financing facilities to support solar and battery storage assets across Australia.

The facilities cover two transactions that combine funding for under-construction projects with refinancing of existing facilities.

The first transaction supports 294 MWp of operational solar capacity, 320 MWp of under-construction solar capacity, and 408 MWh of under-construction battery storage capacity across the Tailem Bend and Wandoan South precincts in South Australia and Queensland.

The second transaction supports two adjacent under-construction battery storage units of 583 MWh each in New South Wales. It also covers the operational 150 MWh Wandoan South battery energy storage system in Queensland.

The green financing facilities were supported by a group of international and local lenders, including BNP Paribas, Bank of China, DBS Bank, ING Bank, Intesa Sanpaolo’s IMI Corporate and Investment Banking Division, Mizuho Bank, MUFG Bank, OCBC, Sumitomo Mitsui Banking Corporation, Sumitomo Mitsui Trust Bank, and Westpac Banking Corporation.

“Vena Energy takes a disciplined approach to capital allocation, and these transactions demonstrate our ability to mobilize long-term capital at scale for high-quality green infrastructure. Australia remains a key market within our Asia-Pacific growth strategy, and the strong support from leading international and local lenders reinforces confidence in our platform, our execution capability and the long-term role of renewables and storage in the region’s energy systems,” said Simone Grasso, Chief Investment Officer of Vena Group and Global Head of Vena Nexus.

Ashurst acted as legal adviser to Vena Energy. Norton Rose Fulbright and Corrs Chambers Westgarth advised the lenders.

Previously, in 2023, the company secured a JPY16.9 billion (~$121 million) green loan for the 53 MW Kasama solar project. MUFG Bank led the JPY16.9 billion (~$121 million) financing arrangement with co-financing by Joyo Bank in Japan.

According to Mercom’s recently released Q1 2026 Solar Funding and M&A report, announced large-scale solar project funding increased by 61% year over year in Q1 2026.