Capella Capital’s Post

We’re pleased to announce the ACEREZ partnership (ACCIONA, COBRA and Endeavour Energy), with Capella Capital as financial advisor, has achieved Financial Close on the Central-West Orana Renewable Energy Zone (REZ) Transmission Project procured by EnergyCo. ACEREZ has been appointed network operator by EnergyCo to design, build, finance, operate and maintain the Central-West Orana REZ transmission network. As the first contestable transmission project for the Renewable Energy Zones in Australia, it is a pathfinder project, leading the way in the energy transition with Capella Capital intimately involved in the development of this project up to and including Financial Close.   This project will see the construction of new high-capacity transmission lines, energy hubs and supporting infrastructure to transfer power generated by solar and wind farms to electricity consumers. Expected to be operational by 2028, the Central-West Orana REZ will support around 5,000 construction jobs in the region at its peak and initially unlock up to 4.5 gigawatts of new network capacity – the equivalent of powering 2 million homes. The project is expected to bring up to $20 billion in private investment to the region by 2030. Read more about the Central-West Orana REZ at: https://lnkd.in/gNHpHduw #RenewableEnergy #energy #sustainablefinance