Acciona Energía has successfully closed a syndicated loan of AUS$453 million (€263 million) to fund the construction of the 408MWp Aldoga solar plant, located on the central coast of Queensland. The financing is backed by the Green Investment Policy of Cesce, the Spanish Export Credit Agency, and involves four key financial institutions.
The syndicated loan, granted by Banco Santander, BNP Paribas, ING, and JP Morgan, will support the development of the solar facility, which is expected to be operational by mid-2026. Banco Santander will serve as the agent for the loan, while Cesce and ING are designated as ESG coordinators for the project.
Acciona Energía will oversee all aspects of the Aldoga solar plant, including its development, engineering, construction, operation, and ongoing maintenance. The plant will feature 820,000 photovoltaic modules and is estimated to require a total investment of AUS$670 million (€390 million).
Once completed, the Aldoga solar plant is expected to generate enough clean energy to power around 185,000 homes and reduce carbon emissions by approximately 934,000 tonnes annually.
A company spokesperson said, “The Aldoga project is an important step in Acciona Energía’s commitment to renewable energy and sustainable development. Beyond providing clean electricity, it will contribute to the local economy through job creation and regenerative agriculture programs for local farmers.”
The project’s operation and maintenance phase is set to last 30 years, with the loan covering a term of 15.5 years. The Aldoga solar plant is expected to make a positive impact on the surrounding community, with initiatives aimed at supporting regenerative agriculture for farmers in the region.
This marks the second syndicated green loan that Cesce has supported Acciona Energía with, following the €712 million financing secured in 2023 for the MacIntyre Wind Farm in Australia.
