TagEnergy Issues an up to €570,000,000 (equivalent) Green Bond to Fund its Global Pipeline of More Than 4GW of Renewable Energy Projects

Global clean energy enterprise TagEnergy, S.A. (TagEnergy) has announced the

closing of a dual currency (AU$ and €) green bond totalling a maximum of €570,000,000

(equivalent) with Copenhagen Infrastructure Partners (CIP) and GIC as investors.

CIP is a global leader within greenfield renewable energy investments and is investing

through its Green Credit Fund I. GIC is a global institutional investor, headquartered in

Singapore.

This transaction is a key milestone for TagEnergy as the issuance will be instrumental in

supporting the growth of its renewable energy portfolio of onshore wind, battery energy

storage systems (BESS) and solar PV assets across the UK, Europe and Australia.

TagEnergy was founded in 2019 by management and the Impala SAS Group, and now

counts Mirova and Omnes as additional shareholders. TagEnergy has successfully

achieved financial close on several renewable energy projects within its portfolio recently

including the 756MW first stage of the 1.3GW Golden Plains Wind Farm onshore wind

mega-project in Victoria, Australia as well as four BESS facilities across the UK totalling

169MW.

The first €270,000,000 (equivalent) tranche adds to the existing funding sources for the

construction of the first stage of Golden Plains Wind Farm with the remaining up to

€300,000,000 (equivalent) follow on tranche dedicated to TagEnergy’s other global

renewable assets. The notes are a pivotal part of TagEnergy´s strategy to bring over

4GW of onshore wind and other renewable energy projects to commercial operation

across several OECD jurisdictions.

The notes are registered at Interbolsa and represent a significant issuance in the

Portuguese bond market. G-Advisory has independently certified that the green bond is

consistent with the ICMA Green Bond Principles 2021.

Akereos Capital acted as sole bookrunner, structurer and exclusive debt advisor to

TagEnergy who was also advised by White & Case and Garrigues (legal). CIP and GIC

were advised by Linklaters and Allens (legal).

TagEnergy CEO Franck Woitiez said this significant green bond will allow TagEnergy to

quickly and effectively deliver its current pipeline of renewable energy projects helping

the world to reach net-zero carbon emissions sooner.“This green bond again demonstrates TagEnergy’s innovative investment approach in a

rapidly growing renewable energy industry. It comes on the back of TagEnergy

achieving financial close on a range of projects including Australia’s Golden Plains Wind

Farm East without the need for Power Purchase Agreements (PPAs),” Mr Woitiez said.

“The broad acceptance of our unusual and more commercial investment model by major

participants and financiers reflects a fast-maturing industry embracing inventive

approaches helping speed both project timelines and the transition to clean energy,” he

said.

Jakob Groot, Partner at CIP said: “We are proud to partner up with the strong

management team of TagEnergy and GIC to support the development of the Golden

Plains Wind Farm in Australia and TagEnergy’s prominent pipeline of renewable energy

projects. Our Green Credit Fund I provides an important and necessary funding

component of the global energy transition and this investment represents an attractive

opportunity for us to make a meaningful contribution to the green transition.”

Ang Eng Seng, CIO of Infrastructure at GIC, said “Australia has a well-developed power

market characterised by growing renewable penetration, with attractive market

fundamentals and a national renewable energy target. TagEnergy is backed by three

institutions with a clear focus on sustainability and energy transition investments. GIC is

therefore pleased to support TagEnergy in the development of the Golden Plains Wind

Farm, which is already under construction, and other renewable energy projects,

alongside CIP.”

About TagEnergy

TagEnergy is a clean energy enterprise creating competitive clean power stations to

accelerate the energy transition and help the world reach net-zero carbon emissions

sooner.

Since its formation in 2019, TagEnergy has assembled a portfolio of more than 4GW

based on solar, wind and battery storage technologies in the UK, Portugal, Spain,

France and Australia. Its first renewable energy project to go online, Hawkers Hill Energy

Park battery storage facility in the UK, began operating in 2022.

TagEnergy is controlled by the Impala SAS Group, supported by major investors Mirova

and Omnes, and is operated by a team of entrepreneurs, all shareholders. Its operations

span the renewables value chain, from development, financing, construction and asset

management, to commercialisation of its competitive energy.

Further information at www.tag-en.com

About Copenhagen Infrastructure Partners (CIP)

Founded in 2012, Copenhagen Infrastructure Partners P/S is the world’s largest dedicated

fund manager within greenfield renewable energy investments and a global leader in

offshore wind. The funds managed by CIP focus on investments in offshore and onshore

wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve

capacity, storage, advanced bioenergy, and Power-to-X.CIP manages ten funds and has to date raised approximately EUR 19 billion for

investments in energy and associated infrastructure from more than 140 international

institutional investors. CIP has approximately 400 employees and 11 offices around the

world.

Further information at www.cip.com

About GIC

GIC is a leading global investment firm established in 1981 to secure Singapore’s financial

future. As the manager of Singapore’s foreign reserves, we take a long-term, disciplined

approach to investing, and are uniquely positioned across a wide range of asset classes

and active strategies globally. These include equities, fixed income, real estate, private

equity, venture capital, and infrastructure. Our long-term approach, multi-asset

capabilities, and global connectivity enable us to be an investor of choice. We seek to add

meaningful value to our investments. Headquartered in Singapore, we have a global talent

force of over 1,900 people in 11 key financial cities and have investments in over 40

countries.

For more information, please visit gic.com.sg or follow us on LinkedIn.

Media Contacts

TagEnergy

Jackie Crossman M: +61 402 218 662 E: media@tag-en.com

CIP

Simon Mehl Augustesen M:+45 30526721 E: siau@cip.com

GIC

Samantha Chiene, T: +44 20 7725 3888 E: SamanthaChiene@gic.com.sg