Page 11 - AsiaElec Week 43 2022
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AsiaElec RENEWABLES AsiaElec
Vena Energy plans solar
project in Queensland
AUSTRALIA SINGAPORE-BASED renewable energy com- According to the head of Vena Energy Australia,
pany Vena Energy has reached financial close Owen Sela, “Even accounting for recent cost
for the first stage of its 125-MW Wandoan South inflation trends, solar PV is still one of the most
solar project in Queensland. cost-competitive sources of energy in Australia
DBS, ING, Intesa Sanpaolo, OCBC Bank and today.”
SMBC have agreed to provide debt and ancillary Elaine Lam, head of global corporate banking
facilities. DBS acted as the joint-green structur- at OCBC Bank, said: “We are pleased to support
ing bank, financial model co-ordinator and facil- Vena Energy Australia on this green loan for its
ity agent; Intesa Sanpaolo also as the joint-green Wandoan South Solar Project that will deliver
structuring bank; and SMBC as the technical affordable clean energy. It is our first solar pro-
co-ordinator and project account bank. ject in Australia and will add to the encourag-
Construction of the solar farm in the West- ing growth momentum of our global renewable
ern Downs region, 400 km north-west of Bris- energy projects portfolio.”
bane, began earlier in 2022 and once complete,
it will produce up to 365 GWh of energy a year.
Week 43 25•October•2022 www. NEWSBASE .com P11
