Clifford Capital, an infrastructure credit platform based in Singapore, has participated in a five-year loan facility of up to A$355 million ( US$230 million ) for Australian energy infrastructure investor Octa Group to support its growth.

Backed by global infrastructure investor I Squared Capital, Octa invests in businesses that accelerate the decarbonization and energy transition of remotely based, hard-to-abate industries.

The loan will fund Octa’s expansion into trucked liquefied natural gas ( LNG ), renewables, and hybrid power, providing reliable energy to remote mining operations not only in Western Australia but across other states and territories in Australia.

Clifford Capital is a lender in the facility alongside National Australia Bank and Sumitomo Mitsui Banking Corporation.

“We are thrilled to have the support of Clifford Capital as we enter our next phase of growth,” says Octa chief executive officer Basil Lenzo. “This funding will allow us to accelerate our efforts in domestic trucked LNG to displace diesel generation, including the renewables and thermal hybrid power sectors in the region.”

Audra Low, group head of client coverage at Clifford Capital, adds: "This transaction reinforces our continued focus on enabling real economy impact through bespoke infrastructure financing solutions."