Revera Energy Secures US$150 Million Facility Upsize to Accelerate Multi-Gigawatt Renewable Development Pipeline Across Australia and the United Kingdom

Core Insights - Revera Energy has successfully completed an expanded US$150 million credit facility to enhance its financing capacity for energy projects in Australia and the UK [1][2] - The facility reflects strong institutional confidence in Revera's development capabilities and positions the company to meet the growing demand for grid-scale energy infrastructure [2][6] Financial Overview - The credit facility amounts to US$150 million, equivalent to A$222 million or £111 million, aimed at accelerating project development [1] - Nomura acts as the Sole Bookrunner and Lead Arranger for the new credit facility, indicating strong financial backing and strategic partnerships [2][8] Project Development - The additional capital will enable Revera to fast-track key projects, including: - Supporting the construction of the 150MW / 300MWh Bungama Stage 1 battery storage project in South Australia, expected to reach commercial operation in Q2 2026 [7] - Accelerating the development of at least 600MW / 2,400MWh of additional battery storage capacity across the National Energy Market (NEM) [7] - Optimizing 158MW of operational solar farms in New South Wales [7] - Developing at least 1,000MW / 2,000MWh of late-stage battery storage projects, with the first 200MW project expected to hit notice to proceed in Q1 2026 [7] Market Positioning - Revera is positioned to capitalize on the increasing demand for grid-scale storage and renewable generation capacity in Australia and the UK, both of which are among the top five global markets for battery storage assets [2][6] - The company's integrated approach across battery storage and renewable generation supports decarbonization objectives while providing essential grid services [9][10] Strategic Partnerships - Revera benefits from strategic partnerships with leading financial institutions, enhancing its ability to secure premium development sites and navigate complex approval processes [10][11] - Nomura's involvement underscores its commitment to delivering effective capital solutions and supporting Revera's growth trajectory [7][8]