Allens has advised a syndicate of five domestic and international banks on the $700 million debt financing of Foresight's Australian Renewables Income Fund.
The financing consolidates existing project debt across a diverse portfolio of ten operational renewable energy assets across wind, hydro and solar, including the Bald Hills Wind Farm, Mumbida Wind Farm, Hume Hydro Plant, and Ginan Solar Portfolio.
'This deal reflects the growing momentum behind portfolio financings in renewables,' said Michael Ryan, Partner and Head of Project Finance.
'These platforms streamline structures, spread risk, unlock better pricing and terms, and lay the foundation for scalable growth.
'We're proud to support the financiers in delivering a debt platform that positions Foresight and its Australian Renewables Income Fund to meet their growth ambitions with confidence.'
The deal builds on Allens' strong track record in the sector, having advised on recent portfolio financings for Neoen, FRV, GPG, ACEN Australia and CPE.
