Deutsche Bank continues to strengthen its leadership in financing Australia’s Renewables sector

Deutsche Bank has partnered with Octopus Australia to provide a circa 200 million Australian dollar Term Facility as well as ancillary products for the financing of Octopus Australia’s Darlington Point Solar Farm.  

Octopus Australia is a subsidiary of the Octopus Group and is one of the world’s largest investors in clean energy with over 6 billion US dollars deployed across more than 300 projects. In Australia, it has four large-scale renewable assets across NSW, Victoria, and Queensland.

Rachel Chia, Head of Project Finance, Corporate Bank in Asia Pacific: “We are excited to support Octopus Australia through the financing of Darlington Point Solar Farm, the largest operational solar farm in the NEM. It was a pleasure to work with the Octopus team, who has demonstrated strong expertise in the management of its asset.

"This is also a strong testament to Deutsche Bank’s commitment in sustainable finance in Australia and develop core client relationships in the region." Rachel Chia

This transaction marks Deutsche Bank- Corporate Bank’s second Renewable Energy Project Finance deal in Australia as Mandated Lead Arranger, showing the bank’s growing leadership in providing solutions in this sector.

Sustainability is a core pillar in Deutsche Bank’s transformation strategy, and the bank is committed to supporting clients as they transition for the zero-carbon economy.

In Asia Pacific, the bank is breaking new ground by partnering with clients on a host of innovative and award-winning transactions. In May 2021, Deutsche Bank established its ESG Centre of Excellence (COE) in Singapore, which focuses on executing ESG transactions, new product development, and advisory services, including sharing global best practices with Asian regulators and regional bodies such as ASEAN and APEC.