Powerlink Queensland

Southern Downs Renewable Energy Zone Project - DFI Direct Loan

Borrower (s)
Powerlink Queensland
Industry
Power/Electricity transmission
Area of finance
Project & Infrastructure Finance
Region
Australasia
Countries
Australia

Deal Overview

Australia’s Clean Energy Finance Corporation (CEFC) is providing A$160 million ($113 million) in funding to Queensland’s state-owned transmission company Powerlink to build a new transmission line and two switching stations in what will now be dubbed as the Southern Downs Renewable...

show more

Australia’s Clean Energy Finance Corporation (CEFC) is providing A$160 million ($113 million) in funding to Queensland’s state-owned transmission company Powerlink to build a new transmission line and two switching stations in what will now be dubbed as the Southern Downs Renewable Energy Zone (REZ). Funding will help upsize a planned 65km high voltage transmission line to connect the 1.02GW MacIntyre wind precinct to the main grid, and allow a further 500MW of new capacity to be connected in the same area.

The CEFC says the project is significant as it marks the first time that generator contributions will cover the cost of building critical REZ assets. But because it will be built at scale now, rather than in stages, it will keep connection costs down for the initial or foundation generators.


show less
Deal Volume
$113m
Financial Close
10 August 2022

All Dealmakers

None yet provided
Tag yourself

Tranches


To view all tranche and pricing information, please sign up or log in

Projects

Powerlink's Electricity Transmission Project (Connecting MacIntyre Wind Precinct to the grid)

Greenfield
Electricity transmission
Australasia
Australia
$125m