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Infigen acquires Western Sydney energy facility
ASX-listed Infigen Energy is acquiring a Western Sydney open cycle gas turbine facility.
Grace Ormsby
Firm: DLA Piper (Infigen Energy)
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Deal: Infigen Energy is acquiring Western Sydney’s Smithfield Open Cycle Gas Turbine facility.
Value: Undisclosed
Area: Energy, M&A
Key players: DLA Piper’s finance and projects partner Tom Fotheringham led the team advising Infigen.
Deal significance: The Western Sydney Smithfield Open Cycle Gas Turbine facility is earmarked as 109 megawatts, flexible and fast-starting.
Infigen is a developer, owner and operator of renewable energy generation assets, DLA Piper has noted.
A statement said Infigen’s strategy is to “generate and source renewable energy, increase its value by firming it, and deliver clean and reliable energy solutions to Australian businesses.
Commenting on the deal, Tom Fotheringham said “Infigen is leading the clean energy transition in Australia and we are proud to advise them on this important milestone in the execution of their business strategy”.
