Nacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTAustralian power producer AGL Energy Ltd (ASX:AGL) has completed the partial refinancing of loan facilities totalling AUD 1.6 billion (USD 1.06bn/EUR 965m) in order to repay debt and support investments in renewable energy projects.
The company said on Friday it has also successfully priced long-term debt in the US private placement market, which allows it to diversify its funding sources. Following both the refinancing and settlement of the notes, AGL's expected debt maturity profile will have an average weighted tenor of 4.7 years.
As announced in 2022, AGL intends to pour up to AUD 20 billion into renewable energy projects by 2036 as it moves away from coal by the end of the decade. Last week, it shut down Liddell, Australia’s oldest coal-fired power plant.
The power producer has set an interim goal of adding up to 5 GW of new renewables capacity by 2030.
The list of refinanced debt facilities includes an AUD-500-million green capital expenditure loan with five and seven-year maturities, as well as AUD 708 million worth of revolving and term debt. The remaining amount has been raised by notes with a combined value of AUD 386 million with maturities ranging between seven and 15 years.
(AUD 1.0 = USD 0.664/EUR 0.603)
Nacap to build hydrogen pipeline for AGA’s Aussie green ammonia project
Sep 19, 2024 16:03 CESTCoca-Cola Europacific seals virtual solar PPA with Engie Australia
Sep 19, 2024 5:33 CESTQueensland Hydro picks contractors for 2-GW pumped storage project
Sep 18, 2024 6:05 CESTGE Vernova to supply 250-MW BESS for Aussie Supernode project
Sep 17, 2024 13:59 CESTGenex nabs new PPA for 775-MW solar project in Queensland
Sep 17, 2024 9:23 CESTAussie telecom group Telstra inks PPA for 260 MW of solar in NSW
Sep 16, 2024 12:34 CEST