The Collie Battery is a proposed one-gigawatt / four-gigawatt hour Battery Energy Storage System proposed by Neoen, located near Collie, WA. The project is expected to be delivered across five stages.
Stage One involves a 219-megawatt / 877-megawatt hour battery energy storage system.
Key Dates
| Jun 2023 | Contract Award |
| Jun 2023 | Construction Commencement |
| Oct 2024 | Construction Completion |
Financing
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In February 2024, Neoen announced the completion of a $1.1 billion debt financing package for a 1.5-gigawatt renewable energy portfolio made up of eight solar, wind, and battery assets. $700 million will see the refinancing of single-asset level debts, while the remainder will be used to finance the project. The debt syndicate comprised of ANZ, Commonwealth Bank of Australia, MUFG, Bank of China, Clean Energy Finance Corporation, China Construction Bank Corporation, HSBC, ING, Mizuho, Société Générale and Westpac. |
PROJECT HISTORY
| Jun 2023 | UGL was awarded the contract to design and construct Stage One of the Collie BESS, and commenced construction. Stage One will have a capacity of 219 MW / 877 MWh. |
| Feb 2024 | Neoen completed the debt financing of a diversified renewable energy portfolio of eight wind, solar and battery storage assets, raising $1.1 billion. The first new asset financed through this packaged debt is Collie Battery Stage One. |
| Oct 2024 | Neoen announced that Stage One of the battery has been completed and commenced operations. |
