Clifford Capital, a Singapore-based infrastructure credit platform, has successfully closed a five-year loan facility of up to A$355m for Octa Group. This financing aims to bolster Octa’s growth in providing lower carbon energy solutions, particularly in remote mining operations across Australia.
The funding will support Octa’s expansion in lorryed liquefied natural gas (LNG), renewables, and hybrid power. Octa, backed by global infrastructure investor I Squared Capital, focuses on accelerating the decarbonisation and energy transition for hard-to-abate industries. Clifford Capital is joined by National Australia Bank and Sumitomo Mitsui Banking Corporation as lenders in this facility.
Audra Low, Group Head of Client Coverage at Clifford Capital, expressed enthusiasm for the partnership, stating, “We are delighted to have the opportunity to support Octa in putting in place the infrastructure needed to help their customers gain access to lower carbon energy. This transaction reinforces our continued focus on enabling real economy impact through bespoke infrastructure financing solutions.”
Basil Lenzo, CEO of Octa, highlighted the significance of the funding, saying, “We are thrilled to have the support of Clifford Capital as we enter our next phase of growth. This funding will allow us to accelerate our efforts in domestic lorryed LNG to displace diesel generation including the renewables and thermal hybrid power sector in the region.”
This strategic financing underscores Clifford Capital’s commitment to supporting sustainable energy initiatives and enhancing infrastructure development in key sectors. As Octa progresses with its expansion plans, the collaboration is set to contribute significantly to the energy transition in Australia.
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