Partner Group invests in Murra Warra Wind Farm
Hogan Lovells has advised Partners Group on its investment in the Murra Warra Wind Farm.
Firm: Hogan Lovells (Partners Group)
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Deal: Partners Group has closed a letter of credit financing to support the construction phase of its investment in the Murra Warra Wind Farm.
Value: Undisclosed
Area: Energy and resources, finance, construction
Key players: The Hogan Lovells team was led by banking partner Richard Hayes, with assistance from counsel Chris Robertson, associate Alistair Handy and trainee solicitor Amelia Schubach.
Deal significance: The Murra Warra Wind Farm is described as being one of the largest in the Southern Hemisphere.
The wind farm is located in north west Victoria and when construction is completed in mid-2019, it will “comprise 61 Senvion 3.7MW turbines with a total nameplate capacity of 226MW,” according to a statement from Hogan Lovells.
The clean energy generated will be enough to power 220,000 Australian households and offset over 900,000 tonnes of carbon emissions every year, it added.
“We were thrilled to assist Partners Group with the letter of credit financing to support the construction phase of its investment in Murra Warra 1, one of the largest wind farms in the Southern Hemisphere and a continuation of its significant investments in sustainable practices and renewable energy in Australia,” said Hogan Lovells partner Richard Hayes.