Deutsche Bank has acted as original lender and mandated lead arranger on the refinancing of Akaysha Energy’s 1086-MW Australian battery energy storage system (BESS) portfolio, participating in the longer-tenor tranches of the AUS$1.75 billion senior secured, non-recourse portfolio financing. As the largest lender in the 10-year tranche, Deutsche Bank’s participation underscores its commitment to providing long-term capital to support the continued growth of Akaysha Energy’s Australian battery storage portfolio.
The facility refinances existing project-level debt across four utility scale BESS assets into a single portfolio-level financing structure, providing a streamlined, flexible, and scalable framework to support Akaysha Energy’s continued portfolio expansion and the evolving need for large scale energy storage.
The financing supports a portfolio comprising Ulinda Park 1, Brendale, Orana, and Elaine BESS, located across Queensland, New South Wales, and Victoria. Ulinda Park 1, Brendale, and Orana are already operational while Elaine remains on track to complete construction in 2H27.
The financing also incorporates additional flexibility as Akaysha Energy advances its 5.7 GW/22.9 GWh+ Australian development pipeline across the National Electricity Market.
Rachel Chia, Head of Project Finance, APAC at Deutsche Bank, commented: “We are pleased to have worked with Akaysha Energy to move beyond individual project financings and create a platform for portfolio growth. We are delighted to support this transaction, drawing on our project finance expertise to bring operational and construction-stage assets into one structure that meets the needs of a growing battery storage portfolio.”
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