Norton Rose Fulbright advises Nomura on US$150 million financing for Revera Energy’s renewables pipeline

Global law firm Norton Rose Fulbright represented Nomura as lender's counsel in an expanded US$150 million credit facility for Revera Energy to accelerate the development and construction of the company's multi-gigawatt renewable energy pipeline across Australia and the United Kingdom.

The enhanced financing capacity will allow Revera, an independent energy infrastructure platform backed by Carlyle, to fast-track key late-stage battery storage, solar and green hydrogen projects in response to growing demand for grid-scale storage and renewable generation in both markets.

In Australia, the funding will support construction of the 150MW Bungama Stage 1 battery storage project, expected to reach commercial operation in Q2. It will also advance the development of at least 600MW of additional battery storage capacity across the National Energy Market and optimize 158MW of operational solar assets under management in New South Wales.

In the UK, Revera's project pipeline is designed to strengthen grid resiliency and support national decarbonization commitments with the development of at least 1,000MW of late-stage battery storage projects slated to advance over the next 12 months.

Strategically, the expanded Nomura facility provides Revera with the financial flexibility to secure premium development sites and deliver operational assets that offer long-term, stable returns for investors while enhancing grid reliability and sustainability goals.

Norton Rose Fulbright's core deal team was led by Todd Alexander and included John Desan (New York) and Kim Stouffer (San Francisco). Additional support was provided by Tobi Amoo and Chris Freire (New York).

A&O Shearman acted as borrower's counsel.