Deutsche Bank partners with Intera Renewables on 258 million dollar project financing deal

Deutsche Bank is pleased to announce its role as the Cornerstone Mandated Lead Arranger for Intera Renewables' AUD 258 million non-recourse project financing. This transaction marks Deutsche Bank's first partnership with Intera Renewables and demonstrates its ongoing commitment to supporting renewable energy initiatives in Australia.

Intera Renewables is a renewable energy platform established by Palisade Investment Partners to manage and grow a portfolio of operational wind and solar assets in Australia. With a focus on long-term value creation and stable income returns, Intera aims to expand its renewable energy footprint through the development and construction of new projects.

The financing will support Intera's approximately 1GW portfolio of operational onshore wind and solar projects across Australia. This transaction refinances a tranche of the existing AUD 1.3 billion portfolio financing, with the objective of optimising and de-risking  Intera's long-term capital structure, while releasing liquidity to pursue growth opportunities.

Michael Volkermann, Global Head of Project Finance at Deutsche Bank, commented on the partnership: "We are delighted to enter into a strong renewables portfolio for the next 10 years with Intera Renewables. This transaction not only aligns with our commitment to sustainable finance but also marks our first collaboration with Intera. We look forward to supporting their innovative approach to renewable energy and contributing to Australia's transition to a greener future."

Palisade Executive Director, Simon Parbery, said: “The refinancing represents a major achievement for Intera and is a natural evolution of the platform’s capital structure following its establishment. We welcome Deutsche Bank into the platform as a strategic partner and appreciate their support in both de-risking Intera’s capital structure and pursuing our growth ambitions.”

 This partnership underscores Deutsche Bank's dedication to sustainable financing and its role in fostering the development of renewable energy projects that contribute to environmental sustainability and economic growth.

Deutsche Bank’s Corporate Bank provides administrative services to project, acquisition, corporate and other financing across the infrastructure and energy markets.