Neon closes financing for Victoria Big Battery project

Neoen, a renewable energy developer, has financially closed on the Victoria Big Battery project, an energy storage project with a capacity of 300 MW/450 MWh. While the Clean Energy Finance Corporation, on behalf of the Australian Government will provide debt financing of 160 million Australian dollar, Neoen will also hold equity. The battery storage facility will be located near Geelong, in Victoria.

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