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Goldwind advised on financing of wind farm
Allens has advised Goldwind on the development and financing of the Stockyard Hill Wind Farm project, which commenced construction earlier this month.
Jerome Doraisamy
Firm: Allens (Goldwind); Herbert Smith Freehills (financiers).
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Deal: Goldwind have been advised by Allens on the development and financing of the wind farm, from the development process, bid for the project, financing and network connection arrangements.
Value: $110 million.
Area: Project finance.
Key players: The Allens team was led by partners Andrew Mansour and Scott McCoy, who were assisted by partner Michael Graves, senior associates Karla Drinkwater and Lucy Woodruff, associate Stephanie Kam and lawyer Jessica O’Sullivan.
Deal significance: When constructed the 530MW wind farm will be the largest in the southern hemisphere, Allens said, producing enough clean energy to power approximately 391,000 homes.
The firm was delighted to have worked with Goldwind on the project, Mr McCoy said.
“The development is a coup for renewable energy production in Australia, not only for the scale of its energy output, but also for the competitive price at which it will be produced,” he said.
“Through this project and others, we’re seeing continued interest and investment in wind energy, and renewable energy in general, with the industry establishing itself as a growing contributor to the Australian energy mix.”
