Potentia Energy has secured AUD 830 million (US $550 million) in debt financing to support the expansion of its Australian renewable energy portfolio. The debt facilities, provided by a consortium of leading Australian and international banks, will back more than 600 MW of capacity spanning operational and new solar, wind and hybrid battery energy storage system (BESS) projects. Potentia is also among the recipients of Australia’s Tender 4 awards concluded in October 2025 as the country continues to transition toward cleaner energy sources.
Debt Financing Structure for Potentia Energy to Expand its Renewables Portfolio in Australia
The AU$830 million financing is structured across a group of seven institutions including Westpac Banking Corporation, Bank of China, BNP Paribas, Hongkong and Shanghai Banking Corporation, Mizuho Bank, Société Générale and Sumitomo Mitsui Banking Corporation. This reflects the growing investor confidence in Australia’s renewable sector as the country continues to expand its pipeline past 8 GW of wind, solar, storage and hybrid developments. Citi acted as financial advisor, with Allens and Ashurst serving as legal advisors to Potentia and the lenders.
What this means for Potentia
Potentia is co-owned by Enel Green Power and INPEX. The company has undergone a period of evolution over the past year. This spans from brand transformation and portfolio acquisitions to this debt financing. Potentia also completed the acquisition of over 1 GW of renewable assets earlier in 2025, expanding its footprint across multiple states and technologies. This strengthened its ability to participate across both the National Electricity Market (NEM) and Wholesale Electricity Market (WEM). The million-dollar debt financing includes shares in operational wind and solar plants and those still in development. Notable of those in development include BESS projects in South Australia and Queensland.
Outlook on Potentia’s growing renewable energy portfolio in Australia
With this financing in place, Potentia Energy is now better positioned to continue advancing the construction and development of unfinished renewable projects. The funds will also support ongoing operations including solar farms like Bungala and Clare, and BESS such as Quorn Park.
Potentia Energy Portfolio Financing Factsheet
Transaction: AUD 830 million debt financing for renewable energy portfolio.
Type: Portfolio debt financing.
Capacity Covered: More than 600 MW.
Lenders: Westpac Banking Corporation, Bank of China, BNP Paribas, Hongkong and Shanghai Banking Corporation, Also at the table were Mizuho Bank, Société Générale, and Sumitomo Mitsui Banking Corporation.
Financial Advisor: Citi
Legal Advisors: Allens for Potentia, and Ashurst for the lenders.
Ownership: Joint venture of Enel Green Power and INPEX.
Timeline of Key Milestones
February to April 2025: Potentia Energy completes acquisition of 1 GW renewable asset portfolio.
Throughout 2025: Portfolio continues to scale, including solar, wind and BESS projects across multiple states.
December 2025: AUD 830 million debt financing secured.
2026 Onward: Construction and development of renewable and storage projects expected to continue.
