Collgar Refinancing (2024)
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Year
2024
Location
Western Australia
Sector
Energy
Role
Financial Advisor
Value
$180m
Collgar is the largest renewable energy generator in the WA energy market, and is located 25km south east of Merredin. The wind farm is built over a land envelope of 18,000 hectares and has 111 Vestas V90 wind turbines with a total power production capacity of 222 megawatts (MW). Following the refinance in 2018 and debt extension in 2023, Planum was re-engaged by Collgar to refinance its senior debt facilities in 2024.
Planum's role included:
- Running a competitive process to agree on terms and pricing with lenders
- Structuring a limited review event to deal with PPA expiry in 2027 and risk of no new contract (halfway through the lender legal maturity)
- Pre-agreed mechanics to enable a regearing on obtaining a new offtake