The multinational company has benefited from a “performance bond” of over 87 million Australian dollars to support clean energy storage in Australia. The performance bond was issued by BNP Paribas and is guaranteed by SACE.
Rome, 4 November 2024 – BNP Paribas and SACE have accompanied the growth of NHOA Energy in Australia through a “performance bond” with an initial value of 87.7 million Australian dollars, issued by BNP Paribas itself and guaranteed in part by SACE. Alongside the project in Australia, which is now proceeding successfully, both BNP Paribas and SACE have also supported NHOA Energy in a further project, again related to clean energy storage, in Great Britain, through the issuance of commercial guarantees for 4 million pounds sterling, again issued by BNP Paribas and partly guaranteed by SACE.
NHOA Energy, an Italian company among the world leaders in energy storage systems that make renewable energy sources stable and available 24/7, is building a battery energy storage system in Blyth, a location in South Australia, to store energy produced from renewable sources, with a capacity of 400MWh and in Coylton, a location in Scotland, with a capacity of 113MWh.
Projects that are fully in line with the mission of NHOA Group, which also deals with electric mobility and operates, through Atlante, one of the largest networks of fast and ultra-fast charging for electric vehicles in Southern Europe.
«These important transactions, in light of the rapid growth experienced in recent years and which will continue in the future, confirm the confidence of financial operators in NHOA Energy’s strategy. We are deeply grateful to BNP Paribas and SACE for the support and forward-looking approach in backing our technology play fully dedicated to the energy transition», commented Ilaria Scarinci, CFO of NHOA Energy.
«The transactions we have finalized together with SACE, in favor of NHOA Energy, is in line with the ESG strategy of the Bank and the BNP Paribas Group. We are convinced that the challenges of sustainability also pass through the support of industrial realities of excellence, leaders in their reference sectors, able to aim, with their business, at technological innovation that is attentive to the environmental context and in line with a healthy and progressive energy transition», explained Marco Lattuada, Head of Corporate & Institutional Banking of BNP Paribas in Italy and Executive Chairman Corporate & Institutional Banking Italy for BNL BNP Paribas.
«Supporting Italian companies in their internationalization processes is at the heart of our mission, in line with the INSIEME 2025 Industrial Plan. For this reason, we are proud to stand by NHOA Energy and support its growth plans in the Australian and British markets through projects in sustainability and technological innovation», underlined Valerio Perinelli, Chief Business Officer of SACE.
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