CASE STUDY I DEBT PORTFOLIO MANAGEMENT
Financing renewable energy project connections
Published 4 December 2025
Supporting the transition to net zero
Intium is a subsidiary of Essential Energy, which was formed to provide innovative energy solutions that support Australia’s transition to net zero.
One of its first major projects is the 90-megawatt Forest Glen Solar Farm Project, near the city of Dubbo in western NSW, in the Central West Orana Renewable Energy Zone. When completed, Forest Glen Solar Farm will generate enough renewable energy to power approximately 33,000 homes.
Intium’s operations support the design, construction, commission and operation to connect the solar farm infrastructure to the Essential Energy electricity network. As well as a power transformer and switchboard, the project includes a 25-megawatt battery energy storage system and associated building, civil and secondary systems. To fund its operations for Forest Glen Solar Farm, Intium required a $18mn financing solution.
Develop an appropriate term funding structure
TCorp collaborated with Essential Energy to analyse various financing options, including a construction-type amortising loan structure. Ultimately, it was determined that a term funding structure would better suit Intium’s cash flow profile. This resulted in $9mn being borrowed over a 10-year loan period and another $9mn over 20 years. The key benefit of this approach is that it spreads the debt across different loan maturities, thereby mitigating interest rate risk for Essential Energy.
Client feedback
“The TCorp team worked with us every step of the way on the project. They supported us in assessing various financing options to optimise pricing and ensure the project’s investment objectives were met. We were very pleased with the result.”
Charlie Boyes
Chief Financial Officer
Essential Energy
For further information
Jennifer Roberts
Co-Head of Client Relationships,
Financial Markets
Yvonne Blunt
Co-Head of Client Relationships,
Financial Markets