The refinancing consolidates existing asset-level debt across the Atmos’ diversified portfolio of solar, wind and storage assets.

Atmos Renewables today announced it has reached financial close on its green loan portfolio refinancing, securing a more flexible and resilient capital structure to support the delivery of its renewable energy pipeline.

The refinancing, aligned with the Asia Pacific Loan Market Association (APLMA) Green Loan Principles and Atmos’ Green Financing Framework, consolidates existing asset-level debt across the company’s diversified portfolio of solar, wind and storage assets. It represents one of the largest green portfolio financings in the Australian renewables sector to-date and was significantly oversubscribed, reflecting strong appetite from a broad syndicate of domestic and international banks.

Importantly, the refinancing provides greater flexibility than previous arrangements, allowing Atmos to fund the progression of its development pipeline into construction. With multiple projects expected to reach financial close over the next 12–18 months, the company is positioned to materially expand its operating portfolio as projects reach key milestones.

The increased flexibility follows a period of strong operational performance across Atmos’ national portfolio, which spans all states in both the National Electricity Market (NEM) and the Wholesale Electricity Market (WEM). Through continued active asset management and disciplined risk management, Atmos has strengthened the quality and resilience of its operating platform – building confidence among lenders and supporting more progressive financing terms.

Nick Learmonth, Chief Financial Officer at Atmos, said the refinancing marked an important inflection point for the business.

“This transaction reflects lender confidence in our diversified portfolio, our operational performance and our ability to manage risk at scale,” said Learmonth.

“The additional flexibility achieved through this refinancing allows us to accelerate our pipeline and transition more decisively into developing and constructing our own projects, in addition to acquisitions.”

The refinancing will directly support the Merredin Battery project construction as well as a number of priority projects – including the Parron Maam Marang Farm (formerly known as the Parron Wind Farm) and Teebar Battery projects, both targeting financial close in 2026, as well as the Heywood Battery project, which  is progressing toward financial close in the next 18 months. Collectively, these projects will further diversify Atmos’ technology mix and continue to enhance the overall risk profile of the portfolio.

The transaction also complements recent equity capital raised alongside Atmos’ shareholder partner, Igneo Infrastructure Partners, and further strengthens the company’s capital structure to support the organic development of greenfield projects, as well as selective acquisition opportunities across Australia.

“As capital increasingly flows toward proven operators, this refinancing reflects the maturity of Atmos’ platform and the confidence placed in our operational performance, stewardship and disciplined approach to growth,” said Learmonth.