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
Corporate/M&A Lawyer (3+ years PAE)
Category: Corporate and Commercial Law | Location: Sydney CBD, Inner West & Eastern Suburbs Sydney NSW
· Top tier, national firm · Work closely with leading Partners and Senior Practitioners
View details
Outlook bright for Qld solar farm

Outlook bright for Qld solar farm

Gerard Pike

Funding has been secured for the Collinsville Solar Farm project.

Firms: Herbert Smith Freehills (Clean Energy Finance Corporation); DLA Piper (RATCH-Australia Corporation Limited); Allens (Australian Renewable Energy Agency)

Deal: RATCH-Australia Corporation Limited (RATCH) secured funding to develop the Collinsville Solar Farm in Queensland.

Value: $100 million

Area: Banking and finance, energy and resources

Key players: HSF partner Gerard Pike (pictured) led the team advising the Clean Energy Finance Corporation (CEFC). He was supported by executive counsel Alison Dodd and solicitors Matthew Selth, Anna Lam, Sarah Oh and Erin MacMullin.

Deal significance: RATCH secured $100 million of funding from the CEFC and the Australian Renewable Energy Agency (ARENA) to develop a solar farm near the town of Collinsville, south-east of Townsville.

CEFC is contributing $60 million in senior debt, as part of $370 million it has allocated to various large-scale solar projects. ARENA has committed to a $9.5 million grant and the rest of the funding is coming from RATCH’s equity.

The construction of the 42.5 megawatt AC solar farm will be managed by UGL Engineering Proprietary Limited. It is expected to be operational in May 2019.

“Financial close for Collinsville Solar Farm was achieved quickly and smoothly, with great co-operation between CEFC, ARENA and RATCH,” said Herbert Smith Freehills lead partner Gerard Pike.

“This project is a great example of the versatility of large-scale solar, utilising site and grid infrastructure previously used for superseded thermal generation. This year, 2017, has been the long-awaited ‘breakout’ year for the large-scale solar industry in Queensland, where the solar resource is among the best in the world.”

Year 2017 has so far been a bumper for renewable energy projects, with many wind and solar developments moving forward, including:
The White Rock Solar Farm in NSW;
The Stockyard Hill Wind Farm in Victoria;
The Darling Downs Solar Farm in Queensland; and 
The Bungala Solar PV project in South Australia

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

Outlook bright for Qld solar farm
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...
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...
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...
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'...
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...
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 & ...