Press release
European Energy Australia achieves financial close on Winton North Solar Farm With Battery
Jul 02, 2026
European Energy has secured financial close for its Winton North Solar Farm With Battery project in northern Victoria.
The financing has been provided by Commerzbank AG, Singapore Branch and Societe Generale and supports the construction and operation of the hybrid renewable energy project which is comprised of a 130-megawatt solar farm a 100-megawatt/220-megawatt hour battery energy storage system.
The transaction strengthens European Energy Australia’s portfolio and reflects continued support from international lenders for hybrid renewable energy and battery storage assets.
“We continue to build a diversified portfolio of renewable energy projects here in Australia that combines strong resource fundamentals with increasing demand for flexible generation and long-term power offtake,” said Catriona McLeod, Managing Director at European Energy Australia.
“Winton North is another example of the high-quality assets we’re developing in Australia which are strengthening our platform for future investment, partnerships and sustainable long-term growth.”
Amazon, which holds a power purchase agreement (PPA) for the project’s solar generation, has recently signed an additional PPA for the battery energy storage system.
“We congratulate European Energy on reaching financial close for Winton North and are proud to be expanding our partnership by signing a new battery storage agreement alongside our existing solar PPA for Winton North. Co-locating battery storage with solar generation means clean energy can be stored and dispatched when the grid needs it most, helping strengthen reliability as Australia transitions to renewables. This is another step in Amazon’s commitment to reaching net-zero carbon by 2040,” said Matt O’Rourke, AWS Head of Infrastructure Policy, Australia and New Zealand.
The Winton North project forms part of European Energy Australia’s growing portfolio, where the company is developing renewable energy assets that can attract both project debt financing and institutional investment.
“Australia is a strategically important market for European Energy and a core part of our long-term growth ambitions. Getting project level financing is a key part of developing that portfolio and to progress our capital strategy,” said Jens Peter Zink, Deputy CEO of European Energy.
“Securing financing from leading international banks demonstrates the quality and bankability of our assets. It enables us to optimise our capital structure, recycle capital into new development opportunities and continue expanding our portfolio across key markets. Maintaining access to competitive project financing is fundamental to scaling our business and creating long-term value.”
Construction of Winton North is already well underway and is expected to be completed in 2026.
The project combines utility-scale solar generation with battery storage, enabling renewable electricity to be stored and dispatched when demand is highest and supporting a more flexible electricity system.
Contact
Patrick Molan, European Energy Australia