Octa Group has secured up to A$355m (€197.7m) in financing from lenders, including Clifford Capital, to support its growth.
Infrastructure credit platform Clifford Capital said it is a lender in the five-year loan facility for Octa, alongside National Australia Bank and Sumitomo Mitsui Banking Corporation.
Octa, an I Squared Capital-backed company, invests in businesses that accelerate the decarbonisation and energy transition for hard-to-abate industries in remote locations.
The loan will fund Octa’s expansion in trucked liquefied natural gas (LNG), renewables and hybrid power, to provide reliable energy to mining operations across Australia, with a focus on Western Australia.
Audra Low, group head of client coverage at Clifford Capital, said: “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, said: “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 trucked LNG to displace diesel generation including the renewables and thermal hybrid power sector in the region.”
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