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BlueScope enters into ‘major’ corporate PPA

King & Wood Mallesons has advised BlueScope on entering into a power purchase agreement (PPA) to directly underwrite a renewable generation project.

July 24, 2018 • By Emma Musgrave
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Solar panels, investment, BlueScope
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Firm: King & Wood Mallesons (BlueScope)

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Deal: BlueScope has been advised on its PPA with ESCO Pacific for the Finley Solar Farm.

 
 

Value: ESCO Pacific will invest $250 million dollars into the project, according to a KWM statement.

Area: Corporate, energy and resources

Key players: The KWM legal team was led by partner Vishal Ahuja, with assistance from associate Paul Scott.

Deal significance: The investment will comprise of approximately 500,000 solar panels – generating energy for approximately 60,000 homes, KWM noted. 

“We are proud to have supported BlueScope in entering into this agreement, continuing the trend of major corporates to directly underwrite renewable generation. KWM has advised a number of corporates on their entry into the renewable PPAs to manage their electricity requirements,” said Mr Ahuja.

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“KWM has leveraged that experience to help BlueScope achieve its renewable energy ambitions.”

 

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Emma Musgrave

Emma Musgrave

Author

Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.

Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences. 

Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.

She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University. 

Email Emma on: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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