2/11/2024
MREH Raises $400M in Landmark Debt Financing for Victorian Battery Energy Storage System
Largest non-recourse debt financing package has been closed for an Australian grid-scale battery energy storage system (BESS).
Melbourne Renewable Energy Hub (MREH), co-owned by Equis Australia (Equis) and Victoria’s SEC, has closed the largest non-recourse debt financing package for an Australian grid-scale battery energy storage system (BESS), raising $400m from a debt syndicate comprising Export Development Canada, Societe Generale, Standard Chartered, and Westpac (MREH Debt Financing).