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    Edify Energy Secures Financing For BESS Projects In NSW, Australia


    June 15, 2022 - Fitch Solutions Sector Intelligence

     

      THIS COMMENTARY IS PUBLISHED BY FITCH SOLUTIONS COUNTRY RISK & INDUSTRY RESEARCH and is NOT a comment on Fitch Ratings' Credit Ratings. Any comments or data are solely derived from Fitch Solutions Country Risk & Industry Research and independent sources. Fitch Ratings analysts do not share data or information with Fitch Solutions Country Risk & Industry Research.

      Edify Energy Secures Financing For BESS Projects In NSW, Australia

      • 15 Jun 2022
      • Australia
      • Infrastructure

      News: Edify Energy has secured a long-term syndicated loan from Commonwealth Bank of Australia, Westpac and DNB?to support the construction and operation of 150MW/300MWh battery energy storage system (BESS) projects in the Australian state of New South Wales (NSW). The BESS will comprise three partitions: 60MW/120MWh Riverina Energy Storage System 1, 65MW/130MWh Riverina Energy Storage System 2 and 25MW/50MWh Darlington Point Energy Storage System. Shell Energy will purchase electricity from RESS1 facility, while EnergyAustralia will purchase electricity from RESS 2 and DPESS facilities. Tesla Motors Australia will deliver the facility.?Construction of the project is due to start with completion due in stages from H123 (Energy Storage News).

      This report from Fitch Solutions Country Risk & Industry Research is a product of Fitch Solutions Group Ltd, UK Company registration number 08789939 ('FSG'). FSG is an affiliate of Fitch Ratings Inc. ('Fitch Ratings'). FSG is solely responsible for the content of this report, without any input from Fitch Ratings.

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