Deutsche Bank finances Golden Plains Stage 2 Wind Farm in Victoria

Deutsche Bank proudly announces its role as Initial Financier, Mandated Lead Arranger, and Initial Hedging Provider for TagEnergy’s AUD 850 million non-recourse project financing of the Golden Plains Stage 2 Wind Farm in Victoria. Once completed, the wider Golden Plains Wind Farm, will become the largest wind farm in the Southern Hemisphere, with a generating capacity of 1.3GW.

The Golden Plains Wind Farm, encompassing both Stage 1 and Stage 2, will generate over 4,000GWh of green energy annually, sufficient to power more than 750,000 homes. This wind farm will significantly contribute to reducing carbon emissions by 4.5 million tonnes annually, equivalent to 3% of Victoria's total greenhouse gas emissions.

TagEnergy is an integrated renewable energy developer based in Lisbon, Portugal. Established in 2019, TagEnergy has rapidly grown its portfolio spanning assets under construction, operations, development, and early-stage prospecting. With a specialized focus on clean technology, TagEnergy is dedicated to accelerating the global energy transition through innovative renewable energy solutions.

Bree Bailey, Director, Energy, Infrastructure & Renewables at Deutsche Bank: "The Golden Plains Stage 2 Wind Farm represents a strategic commitment for Deutsche Bank, aligning with Australia's ambitious energy transition goals and facilitating the development of critical wind generation capacity. This transaction underscores our commitment to sustainable finance and highlights our ability to provide bespoke structured solutions in the renewable energy sector."

Andrew Riggs, Managing Partner at TagEnergy: “We couldn’t be prouder to be working closely with our valued partners and backers on delivering the next phase of the biggest wind farm under construction anywhere in the world as we continue TagEnergy’s mission to speed the energy transition.”

This transaction continues the bank’s strong trajectory in supporting sustainable financing solutions, marking the bank’s 22nd renewable energy asset financed in Australia to-date. Deutsche Bank’s Corporate Bank provides a holistic suite of financing solutions spanning project finance, acquisition finance, corporate finance (and others) across the infrastructure and energy markets. The business has had a presence in Australian project financings since 2019.