MacIntyre Wind Farm Pty Ltd

MacIntyre Wind Farm Pty Ltd - CESCE Covered Loan

Industry
Renewables/Onshore wind
Area of finance
Project & Infrastructure Finance
Region
Australasia
Countries
Australia

Deal Overview

CESCE covered loan for the construction of Mcintyre Wind Farm. The Project is a greenfield wind farm located in Queensland (Australia) with a capacity of 923.4 MW (the biggest wind farm planned for the southern hemisphere, as well as being one of the largest onshore wind farms in the world today),...

show more

CESCE covered loan for the construction of Mcintyre Wind Farm. The Project is a greenfield wind farm located in Queensland (Australia) with a capacity of 923.4 MW (the biggest wind farm planned for the southern hemisphere, as well as being one of the largest onshore wind farms in the world today), where Acciona Energia is responsible for its development, engineering, construction, management, operation, and maintenance. The total CAPEX investment of the Project is expected to be approx. AU$ 1,837 million.

The MacIntyre Wind Project is estimated to generate 2.869 GWh per year (3.108 hours) (P50) and during its lifetime, the wind farm is expected to lead to an avoidance of around 2.434 million tons of GHG emissions yearly. By greening Queensland's electricity mix, the MacIntyre Wind Project is anticipated to help the state meet its decarbonisation commitments and climate change mitigation strategies, as well as creating jobs locally.

The transaction was structured as a Green Loan in line with the EU Taxonomy and under the Spanish ECA (CESCE)’s new green investment policy – there has only been one other CESCE green investment policy guaranteed transaction executed in the market prior to this transaction.

The timeline under which the transaction was executed was rapid - c.2 months from initial documentation to signing at year-end of 2022.

This is factoring in the heavy due diligence involved in the OECD Category A-rated project, working with a third-party E&S consultant to ensure adequate measures are put in place to mitigate potential environmental and social risks for a project of this nature.

show less
Deal Volume
$741.1m
Financial Close
30 December 2022
Sources
Submitted by participant(s), TXF article

All Dealmakers

Sisie So

To view dealmakers, please tag or log in to tagmydeals

Ravinder Kaur

To view dealmakers, please tag or log in to tagmydeals

Aldana Caunedo

To view dealmakers, please tag or log in to tagmydeals

Richard Wilkins

To view dealmakers, please tag or log in to tagmydeals

Vincent Kong

To view dealmakers, please tag or log in to tagmydeals

Carolina Anderez

To view dealmakers, please tag or log in to tagmydeals

Juan PUYOL

To view dealmakers, please tag or log in to tagmydeals

ALVARO IÑIGUEZ

To view dealmakers, please tag or log in to tagmydeals

Sebastian Lopez

To view dealmakers, please tag or log in to tagmydeals

Hannah Martin

To view dealmakers, please tag or log in to tagmydeals

Ana De Guzman

To view dealmakers, please tag or log in to tagmydeals

Luis Javier Arellano Navarro

To view dealmakers, please tag or log in to tagmydeals

Jesus Salinas

To view dealmakers, please tag or log in to tagmydeals

Juan Juanma

To view dealmakers, please tag or log in to tagmydeals

Sara Villamil

To view dealmakers, please tag or log in to tagmydeals

Fernando Fdez de Alegria

To view dealmakers, please tag or log in to tagmydeals

Han Sun LIM

To view dealmakers, please tag or log in to tagmydeals

Carmen VARA

To view dealmakers, please tag or log in to tagmydeals

Maria Teresa Aguerri Loriente

To view dealmakers, please tag or log in to tagmydeals

silvia de la Quintana

To view dealmakers, please tag or log in to tagmydeals

Juan Carlos Calle

To view dealmakers, please tag or log in to tagmydeals

Aida Topcagic

To view dealmakers, please tag or log in to tagmydeals

Daniela Mohtadi

To view dealmakers, please tag or log in to tagmydeals

Jaime Romeo

To view dealmakers, please tag or log in to tagmydeals

Philip Y H WONG

To view dealmakers, please tag or log in to tagmydeals

PILAR SANCHEZ D EIBARGUEN

To view dealmakers, please tag or log in to tagmydeals

Felipe Stalman

To view dealmakers, please tag or log in to tagmydeals

Rafael Montero

To view dealmakers, please tag or log in to tagmydeals

Tag yourself

Tranches


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

Projects

923 MW MacIntyre Wind Farm Project

Greenfield
Onshore wind
Australasia
Australia
$1.4bn