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Tilt Renewables advised on financing of Dundonnell Wind Farm
Gilbert + Tobin has advised Tilt Renewables Limited on the financing of the Dundonnell Wind Farm in Victoria.
Jerome Doraisamy
Firm: Gilbert + Tobin (Tilt Renewables)
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Deal: Tilt Renewables, in a deal that is the first project to reach financial close under a Victorian Renewable Energy Auction Scheme (VRET) Support Agreement, will see the Dundonnell Wind Farm facility agreement sit alongside Tilt Renewables’ existing corporate financing for their portfolio of wind farms.
Value: $300 million construction and $100 million bank guarantee
Area: Banking and infrastructure.
Key players: G+T banking and infrastructure partner Adela Smith led the firm’s team, with senior lawyer Lisa Hamilton and lawyer Vern Lim assisting.
Deal significance: The deal has been a game changer for Tilt Renewables, G+T said in a statement, significantly increasing the size of the company's asset portfolio.
Commenting on the deal, Ms Smith said: “We are delighted to have assisted Tilt Renewables on the financing of this ground‐breaking transaction, which is significant for the company and which is also the first project to reach financial close under a VRET Support Agreement.”
