Allens has advised Australian renewable energy retailer and asset developer ZEN Energy on more than $50 million in debt funding for the ZEN Energy group.
The funds were raised via the issue of loan notes to several investors and will be used for various purposes, including the development of renewable energy projects in ZEN Energy's portfolio across the National Energy Market states, as well as facilitating ZEN Energy’s scaling of its firmed renewable portfolio.
'ZEN Energy is playing a significant role in Australia's energy transition and its focus is on creating long and short-term storage capabilities to ensure access to renewable energy throughout the day. We are excited to be working with a client that is putting in place practical, tangible steps to support the transition to a renewable energy grid,' said Partner Rod Aldus.
ZEN Energy expects to raise more funds through the issuance of further loan notes in the near future, up to a total of A$150 million.
Allens legal team
Banking & Finance
Rod Aldus (Partner), Tania Joppich (Senior Associate), Lennard Bremer (Lawyer), Christopher Shields (Lawyer)