Metlen Energy & Metals Expanding Renewable Portfolio in Australia
Key Ideas
- Metlen Energy & Metals is working on financing its 530 MW Australian energy portfolio, with banks seeking approval to lend and Macquarie attempting to sell the solar assets.
- Australian solar deals have faced challenges due to the high number of households with rooftop solar, but Metlen's portfolio includes operating and under-construction solar assets with long-term contracts.
- Metlen also has a significant pipeline of solar, battery storage, and hydrogen projects, including the Denman Energy Hub with a potential 1.6 GW capacity and a stake in a Green Hydrogen project in NSW.
- The company's diversified energy business spans power generation, gas supply, renewables, and aluminum production, reflecting a strategic expansion in the renewable energy sector.
Metlen Energy & Metals, a Greek energy and resources company, is focusing on financing its 530 MW energy portfolio in Australia. Banks are in the process of securing approval to lend, while Macquarie is working to sell Metlen's Australian solar assets. Despite challenges in the Australian solar market, Metlen's portfolio includes eight solar assets across New South Wales and Queensland, with a significant portion of contracted output and plans for future solar, battery storage, and hydrogen projects. The company also has a stake in the Rosedale Green Hydrogen project and is exploring solar projects in New Zealand. As part of its broader energy business, Metlen is involved in global power generation, gas supply, renewables, and aluminum production. The company's strategic move towards renewable energy expansion is evident in its diversified portfolio and ongoing project developments.
Topics
Projects
Renewable Energy
Finance
Solar Projects
Battery Storage
Hydrogen Projects
Global Power Generation
Aluminum Production
Portfolio Refinancing
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