Deutsche Bank has participated in the financing of Atmos Renewables' Parron Wind Farm in Western Australia, committing USD 69.39 million as sole lender for the transaction's 10-year tranche.

The deal supports the Parron Maam Marang Wind Farm, a new large-scale wind project expected to add up to 470 megawatts of generation capacity to Western Australia's electricity system.

Project details and location

The Parron Maam Marang Wind Farm is located approximately 200 kilometres north of Perth, where it benefits from strong wind resources. The project is expected to comprise up to 78 wind turbine generators and, once complete, will add up to 470 megawatts of generation capacity in Western Australia.

The project is underpinned by a 12-year power purchase agreement with Synergy, Western Australia's state-owned electricity utility, covering 75 percent of generation output. It also benefits from revenue support through the Australian Government's Capacity Investment Scheme.

Lender's perspective

Rachel Chia, Head of Project Finance, APAC at Deutsche Bank, said that Parron Wind Farm represents an important addition to Western Australia's renewable energy pipeline.

She noted that the bank's participation as sole lender in the transaction's 10-year tranche reflects Deutsche Bank's commitment to providing long-term financing solutions, as well as its confidence in the quality of the asset and Atmos Renewables' broader platform.

The project comes as governments, utilities, and investors work to add generation capacity across Australia, with new large-scale wind projects reflecting broader investment in the country's generation infrastructure.

Atmos Renewables platform

The financing supports the expansion of the Atmos platform, which comprises 20 assets and approximately 2.5 gigawatts of attributable capacity across wind, solar, and battery storage technologies.

Atmos Renewables is an Australian renewable energy company backed by funds managed by Igneo Infrastructure Partners alongside major Australian superannuation investors, including Cbus and MLC.

Its diversified portfolio spans wind, solar, and energy storage assets across the National Electricity Market and Western Australia's electricity market.

Building on an existing relationship

The transaction builds on Deutsche Bank's existing relationship with Atmos Renewables following the refinancing of its broader portfolio in 2025.

It also reflects the bank's continued support for clients investing in renewable energy infrastructure across Australia.

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