Elliott Green Power
Financing and sale of Elliott Green Power’s 302 MW Australian renewables portfolio
In April 2022, Elliott Green Power Limited agreed to sell its 100% interest in Elliot Green Power Australia (“EGP”) to Atmos Renewables. EGP owns three solar farms: 132MW Nevertire Solar Farm (NSW); 95MW Susan River Solar Farm (Qld); and 75MW Childers Solar Farm (Qld). EGP is also in late stages of developing three BESS projects at each solar farm with an aggregate capacity of 125MW / 250MWh.
Elliot Green Power Limited is managed by Elliott Management, a US-based fund manager with approximately US$32 billion AUM across a diverse portfolio.
Atmos Renewables is an investment company owned and managed by Igneo Infrastructure Partners (the infrastructure platform of First Sentier Investors), a global asset management group with approximately US$180 billion AUM across various asset classes.
Azure Capital and Natixis acted jointly as financial advisers to Elliot Green Power on the sale (assisting another lead financial adviser on sale) as well as acting jointly in relation to arranging the committed stapled debt financing facilities.