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A team of Australian lawyers have advised more than half of the 28 successful bidders for South Africa's Independent Power Producers Procurement Programme.
Lawyers in DLA Piper's Australian practice have advised more than half of the 28 successful bidders for Phase 1 of South Africa's Independent Power Producers (IPP) Procurement Programme.
The renewable energy IPP Procurement Programme is a landmark project for South Africa and has been designed to stimulate the country's renewable energy sector. The goal is to generate 42 per cent of all new electricity from renewable energy sources over the next 20 years. Technologies under consideration include solar, wind, hydro, biomass and biogas.
In advising 16 of the successful bidders, DLA Piper's Australian team worked in partnership with DLA Cliffe Decker Hofmeyr, a member of the DLA Piper Group and one of South Africa's largest business law firms. The globally integrated team comprised lawyers from Melbourne, Sydney, Johannesburg and Cape Town.
Damian McNair, head of finance and projects in Australia led the DLA Piper team, said the firm is delighted with the recent announcement of preferred energy bidders.
"This is a prime example of a global law firm providing clients with a truly international service by putting forward integrated international teams with specific energy expertise," McNair said.
DLA Piper's Australian team will continue to advise bidders for Phases 2 and 3 of the programme.
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