Squadron Energy has secured a $1 billion financing for the Clarke Creek Wind Farm. This is a major milestone for Clarke Creek and Australia’s renewable energy sector, setting a new market benchmark for single-asset wind financings.
The financing was arranged with a bank group of 10 capital partners and strongly supported by Squadron Energy’s existing banking partners.
Squadron Energy’s Head of Capital Markets and Investments David Sidoti said the deal underscores strong confidence in the Clarke Creek project and Squadron Energy’s leadership in accelerating the clean energy transition.
“This financing demonstrates the depth of support for renewable energy in Australia and the strength of our relationships with leading financial institutions,” Mr Sidoti said.
“Clarke Creek is a cornerstone project that will deliver significant clean energy capacity and help drive Australia toward its renewable energy goals.”
“This transaction was a true team effort. It reflects the collaboration and expertise across our business to deliver one of the most significant wind financings in the market.”
Clarke Creek Wind Farm is set to play a pivotal role in Australia’s renewable energy future, providing large-scale clean power and supporting the transition to a sustainable energy system.
Stage one of Clarke Creek Wind Farm recently opened, with the 100-turbine, 450MW project producing enough electricity to power the equivalent of 330,000 Queensland homes and prevent 738,000 tonnes of carbon pollution each year.
Together, stage one and two of the Clarke Creek Wind Farm would be one of the largest wind projects in Australia, expected to generate more than 1GW of green energy, powering more than 700,000 homes and investing around $20 million in community benefits over the life of the projects.