The Kidston farm is part of the company's larger three-stage project in QLD which includes a pumped hydro project and a wind development.

Total debt funding is A$192 million and includes a senior loan facility and structurally subordinated HoldCo facility.  The former has been independently verified as Green Loan and is the first Green Loan certified under the latest Climate Binds Standard v3.0, launched December 11.

V3.0 "incorporates major upgrades to the existing umbrella guidance for Climate Bonds Certification to meet market growth and demand for enhanced reporting, transparency and harmonisation around green definitions," according to Climate Bonds' website.

The bonds provide "assurance for issuers and investors that a green debt product meets labelling requirements for major global jurisdictions, is science-based and is aligned with the goals of the Paris Climate Agreement to limit warming to under 2 degrees."

The 100MW portfolio financing includes the largest certified green loan by an Australian renewable energy group, Genex said.

"Genex welcomes the financing from the Clean Energy Financing Corporation, DZ Bank, AG, Nord/LB and Westpac. Genex is now in a strong position to grow earnings from its portfolio of renewable energy assets," Genex CEO James Harding said.

CEFC CEO Ian Learmonth said the transaction has consolidated the strong relationship it has with Genex, which began when the CEFC first invested in the Kidston Renewable Energy Hub in 2017.

He called the Kidston Solar One project "an innovative project that was the first of its kind in Australia to co-locate a large-scale solar farm with a large scale pumped hydro project.

"It is great to support Genex in utilising the strong base of the Queensland government contracted Kidston Solar One project to build another solar farm in New South Wales," he said.

It has also executed two contracts with Beon Energy Solutions for an engineering, procurement and construction work, an operation and maintenance work.

The contactor has a portfolio of over 500 megawatts, with 290MW of that currently under construction.

Construction for Jemalong has begun and will take 12 months with operations and cash flow to start up in the fourth quarter of next year.