Allens has advised market-leading sustainable energy distribution provider Pacific Energy on a new $350 million debt facility, including a $175 million green loan component with a sustainable finance framework.
The deal brings Pacific Energy’s total debt facilities to $1.2 billion and allows it to continue to fund its strong pipeline of renewable power projects.
‘Pacific Energy is playing a significant role in Australia’s energy transition with its focus on renewable energy solutions including solar, wind and battery energy storage systems. It has a critical role to play in delivering on net zero by 2050,’ said lead partner .
Pacific Energy is an Australian market leader in the provision of sustainable distributed energy, operating for more than four decades, with owned-and-operated assets at 48 sites nationally and more than 900MW of contracted capacity under management. Pacific Energy’s commitment to decarbonisation and sustainable energy solutions has been a driving force behind its success and growth.
