Quinbrook Secures $505.4M Financing Led by Deutsche Bank for Australia’s Largest Battery Project

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- Landmark Financing: $722M AUD marks one of Australia’s largest stand-alone Battery Energy Storage System (BESS) financings.
- Massive Energy Capacity: Supernode’s current and planned expansions position it among the world’s largest BESS projects.
- Energy Transition Leadership: Deutsche Bank leads the way in financing sustainable energy solutions in Australia.
Deutsche Bank, acting as Lead Arranger, Original Lender, and Hedge Counterparty, has closed a $722 million AUD debt financing for Stages 1 and 2 of Quinbrook Infrastructure Partners’ (Quinbrook) Supernode battery storage project in Queensland. This milestone represents one of Australia’s largest stand-alone Battery Energy Storage System (BESS) financings to date.
Strategic Energy Expansion
Located adjacent to Queensland’s central electricity network, the Supernode project boasts a nameplate capacity of 520 MW / 1856 MWhs for its first two stages. Quinbrook has secured long-term offtake agreements with Origin Energy, ensuring robust energy supply and financial backing.
Looking ahead, Quinbrook plans to expand with Stage 3, increasing capacity to 760 MW / 3096 MWhs, making Supernode one of the largest BESS projects globally.
“We are grateful for the strong support received from both our existing and new financing partners who recognise the critical role that large-scale storage investments provide in supporting Queensland and the wider National Electricity Market as the energy transition accelerates.”
– Brian Restall, Managing Director and Regional Leader Australia, Quinbrook

Deutsche Bank’s Commitment
Deutsche Bank partnered with financial heavyweights Bank of America, Commonwealth Bank of Australia, MUFG, and Mizuho Bank to structure this transformative financing deal.
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“We’re pleased to support Quinbrook with this financing, which will provide dispatchable supply services for the Queensland grid. This transaction paves the way for Supernode to become one of the largest battery energy storage systems globally, demonstrating Deutsche Bank’s expertise in Project Finance and commitment to sustainable energy solutions.”
– Rachel Chia, Head of Project Finance, Asia Pacific, Deutsche Bank

This marks Deutsche Bank’s 25th renewable energy asset financed in Australia, solidifying its reputation in project financing since its local entry in 2019. Its Corporate Bank continues to deliver tailored financing solutions across infrastructure and energy markets.
Supernode exemplifies the critical investments needed to bolster Australia’s transition to sustainable energy, aligning with both national and global renewable energy targets.
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