European Energy achieves financial closing for Winton North project in Australia

Winton North solar and battery park has achieved financial closing, supporting construction and reinforcing European Energy’s long-term growth strategy in one of its key markets.

– Financial closing secured for Winton North solar and battery park from Commerzbank AG, and Societe Generale.

– Financing supports the construction of the 130 MW solar and 100 MW / 220 MWh battery project that both have a PPA agreement with Amazon.

– Transaction strengthens European Energy’s Australian portfolio and supports continued investment in renewable energy development.

Copenhagen, Denmark, 2nd of July, 2026 – European Energy has secured financial closing for the Winton North solar and battery project in Australia.

The financing has been provided by Commerzbank AG, Singapore Branch and Societe Generale and supports the construction and operation of the hybrid renewable energy project, comprising 130 MW of solar PV and a 100 MW/220 MWh battery energy storage system (BESS).

The transaction further strengthens European Energy’s portfolio in Australia and reflects continued support from international lenders for hybrid renewable energy and battery storage assets.

“We continue to build a diversified portfolio of renewable energy projects here in Australia that combines strong resource fundamentals with increasing demand for flexible generation and long-term power offtake,” said Catriona McLeod, Country Manager Australia at European Energy.

“Winton North is another example of the high-quality assets we are developing in Australia, strengthening our platform for future investment, partnerships and sustainable long-term growth.”

Amazon, which holds a power purchase agreement (PPA) for the project’s solar generation, has recently signed an additional PPA for the battery energy storage system.

“We congratulate European Energy on reaching financial close for Winton North and are proud to be expanding our partnership with European Energy by signing a new battery storage agreement alongside our existing solar PPA for the Winton North solar farm. Co-locating battery storage with solar generation means clean energy can be stored and dispatched when the grid needs it most, helping strengthen reliability as Australia transitions to renewables. This is another step in Amazon’s commitment to reaching net-zero carbon by 2040,” said Matt O’Rourke, AWS Head of Infrastructure Policy, Australia and New Zealand.

The Winton North project forms part of European Energy’s growing Australian portfolio, where the company is developing renewable energy assets that can attract both project debt financing and institutional investment.

“Australia is a strategically important market for European Energy and a core part of our long-term growth ambitions. Getting project level financing is a key part of developing that portfolio and to progress our capital strategy,” said Jens Peter Zink, Deputy CEO of European Energy.

“Securing financing from leading international banks demonstrates the quality and bankability of our assets. It enables us to optimise our capital structure, recycle capital into new development opportunities and continue expanding our portfolio across key markets. Maintaining access to competitive project financing is fundamental to scaling our business and creating long-term value.”

Construction of Winton North has already begun and is expected to be completed in 2026.

The project combines utility-scale solar generation with battery storage, enabling renewable electricity to be stored and dispatched when demand is highest and supporting a more flexible electricity system.

Contact

Ming Ou Lü

PR Manager

+45 3126 9376

miol@europeanenergy.com