find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Insurance Lawyer (3-5 PAE)
Category: Insurance and Superannuation Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Dynamic organisation ·
View details
Senior Government Lawyer
Category: Other | Location: Canberra ACT 2600
· FINANCE LEGAL AND GOVERNANCE GROUP | CANBERRA, ACT · EXECUTIVE LEVEL 1 (ONGOING)
View details
Gone with the wind

Gone with the wind

David Ryan

Origin Energy has been advised on the sale of a wind farm project that is set to become the largest in the southern hemisphere.

Firms: Herbert Smith Freehills (Origin Energy); Allens and Norton Rose Fulbright (Goldwind)

Deal: Origin Energy awarded the tender for the Stockyard Hill Wind Farm project in Victoria to Goldwind.

Value: $110 million

Area: Energy, resources and infrastructure

Key players: The Herbert Smith Freehills team advising Origin Energy was led by partner David Ryan (pictured), supported by senior associates Bailee Walker and Jennifer Harding and solicitor Kai Ito.

The Allens team advising Goldwind was led by partners Jeremy Low and Andrew Mansour. They were assisted by partners Michael Graves, Scott McCoy and Chris Schulz, senior associates Karla Drinkwater, Ranny Fan, Lucy Woodruff, Liz Fernando and Emily Gerrard, associates Stephanie Kam, Yolanda Karantgis, Helen Coker, Peter-John Brennan, Aaron Brooks, Emily Johnstone and Jessica McCarthy, and lawyers Christina Russell and Emily Fischer.

Norton Rose Fulbright also advised Goldwind, with a team led by partner Mark Waddell and supported by special counsel Simone Alphonse.

Deal significance: Origin Energy has agreed to sell the Stockyard Hill Wind Farm project to Chinese wind turbine manufacturer Goldwind for $110 million.

With 149 turbines generating 530 megawatts of power, the project will be the largest operational wind farm in the southern hemisphere once completed. Allens said the wind farm will generate enough energy to power 400,000 average homes.

The sale was achieved through a competitive tender process run by Origin Energy. A key aspect of the transaction was the power purchase agreement, whereby the two companies agreed that Origin will purchase all the energy and associated renewable energy certificates generated by the project until 2030.

“This was a complex transaction as it was essentially a reverse auction process,” said HSF lead partner David Ryan.

“Origin allowed proponents to bid offtake arrangements from renewable energy projects other than Stockyard Hill. As a result, Origin received offers from a wide range of wind and solar projects in Australia.

“This provided a fascinating insight into the increasing competitiveness of renewables, and the evolving requirements for offtake arrangements to support the project financing of renewables development projects.

“We are delighted to help Origin Energy realise a fantastic result.”


Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Gone with the wind
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Scales of Justice, Victorian County Court, retiring judges
Aug 21 2017
Replacements named for retired Vic judges
Two new judicial officers have been appointed in the Victorian County Court, following the retire...
Applauds
Aug 21 2017
LCA applauds proposed Modern Slavery Act
The Law Council of Australia has welcomed new recommendations for the development of a Modern Slaver...
Mentoring
Aug 21 2017
Top-tier offers targeted mentoring for Indigenous law students
Students at Macquarie University will be the first to benefit from a new Indigenous mentoring progra...
APPOINTMENTS
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
opinion
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
Help
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...