Marinus Link reaches financial close

Thanks to a $3.8b investment.

Marinus Link Pty Ltd (MLPL) has achieved financial close following a record investment by the Clean Energy Finance Corporation (CEFC).

According to the company, the $3.8b investment from CEFC completes the financing requirements for Marinus Link Stage 1, which received equity commitments from the Commonwealth, Tasmania and Victoria in August.

CEFC’s commitment is expected to be inclusive of capitalised interest during construction. The final amount of concessional finance is subject to the regulator’s final determination on project costs.

“Our expert team is mobilising for construction in 2026, and we are thrilled to deliver this critical national energy infrastructure, which will bolster energy security, promote renewable energy investment and deliver tangible benefits to consumers in Tasmania, Victoria and the broader National Electricity Market,” MLPL CEO Stephanie McGregor said.

MLPL is jointly owned by the Commonwealth of Australia, the State of Tasmania and the State of Victoria. MLPL is responsible for progressing the Marinus Link interconnector project.