John Laing closes financing on 175MW solar project in New South Wales

Facebook
Twitter
LinkedIn
Reddit
Email

International infrastructure investor John Laing Group has closed financing on its 174.9MW Finley Solar Farm in New South Wales, Australia, which is being developed by Esco Pacific.

The project, 100%-owend by John Laing, is expected to be complete in late 2019.

This article requires Premium SubscriptionBasic (FREE) Subscription

Unlock unlimited access for 12 whole months of distinctive global analysis

Photovoltaics International is now included.

Not ready to commit yet?
  • Regular insight and analysis of the industry’s biggest developments
  • In-depth interviews with the industry’s leading figures
  • Unlimited digital access to the PV Tech Power journal catalogue
  • Unlimited digital access to the Photovoltaics International journal catalogue
  • Access to more than 1,000 technical papers
  • Discounts on Solar Media’s portfolio of events, in-person and virtual

Or continue reading this article for free

The announcement comes within a few months of the Group’s close on the 255MW Sunraysia Solar Farm, also in New South Wales. Together they add to the two wind farm projects already in John Laing’s Asia Pacific renewable energy portfolio, representing over 750MW of generating capacity.

Justin Bailey, John Laing, regional MD – Asia Pacific, said: “With two solar investments secured in Australia in as many months, we are underlining our commitment to the region and to socially responsible projects that support in-country ambitions. John Laing has a growing track record in this sector and, together with Kiata Wind Farm in Victoria and Hornsdale Wind Farm in Southern Australia, we are pleased to support Australia’s goals to meet its environmental commitments to reduce greenhouse gas emissions by more than a quarter.

Steven Rademaker, CEO of ESCO Pacific, said: “Achieving financial close on our Finley Solar Farm is a fantastic outcome for ESCO Pacific, bringing our developed capacity to nearly 500MWp of solar in Australia and cementing our position as one of the leading developers in the market. We are delighted to be working with our equity partner on this project, John Laing, and further extending our existing relationships with Westpac and ANZ.”

Read Next

August 29, 2025
Independent power producer (IPP) Verano Energy has closed a US$204 financing for a 83MW/660MWh solar-plus-storage project in Chile.
August 28, 2025
Developer Pacific Energy has successfully commissioned a 26MW solar-plus-storage site at the Atlas-Campaspe mine in NSW, Australia.
August 26, 2025
The Australian Government’s CER approved 56 new power stations, with 797MW of renewable energy capacity, in July this year.
August 22, 2025
The Australian Renewables Income Fund (ARIF), a renewable energy fund managed by Foresight Group, has raised AU$700 million (US$779 million) in a debt refinancing transaction.
August 22, 2025
AEMO has predicted the NEM will see a steady rise in renewable energy generation capacity, reaching 229TWh by 2035.
August 20, 2025
New South Wales, Australia's most coal-dependent state, will transition from 40% to 90% renewable energy by 2035, according to grid operator Transgrid's latest planning report.

Subscribe to Newsletter

Upcoming Events

Solar Media Events
September 16, 2025
Athens, Greece
Solar Media Events
September 30, 2025
Seattle, USA
Solar Media Events
October 1, 2025
London, UK
Solar Media Events
October 2, 2025
London,UK
Solar Media Events
October 7, 2025
Manila, Philippines