Revera Energy has completed an expanded US$150 million credit facility to support the development of its battery storage, solar and green hydrogen projects in Australia and the UK.
Backed by Carlyle, Revera said the financing will advance projects across Australia’s National Electricity Market and the UK. Nomura acted as sole bookrunner and lead arranger. Norton Rose Fulbright served as lender’s counsel, with A&O Shearman advising Revera.
In Australia, the facility will support construction of the 150MW / 300MWh Bungama Stage 1 battery storage project in South Australia, expected to reach commercial operation in Q2 2026, alongside further development of more than 600MW / 2,400MWh of battery storage across the NEM. In the UK, Revera is progressing at least 1,000MW / 2,000MWh of late-stage battery storage projects, with the first 200MW expected to reach notice to proceed in Q1 2026.
Richard Hoskins, Chairman of Revera Energy and Managing Director in Carlyle’s Infrastructure Group, said: “This funding enhancement accelerates Revera’s ability to take advantage of increasing demand in Australia and the UK for grid-scale storage and renewable generation capacity.”
Andy Hoffman, Chief Financial Officer of Revera, added: “The expanded facility increases our financial capacity and allows us to accelerate development opportunities across both markets.”
