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Renewables company advised on financing of NZ-based wind farm

Australasian electricity generation company Tilt Renewables has been advised on the financing of the Waipipi Wind Farm in South Taranaki, New Zealand.

September 16, 2019 • By Jerome Doraisamy
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South Taranaki, NZ

Source: facebook.com/pg/VisitHaweraTaranakiNZ/photos

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Firm: Gilbert + Tobin (Tilt Renewables); MUFG (financial adviser to Tilt Renewables); Anderson Lloyd (New Zealand legal counsel to Tilt Renewables).

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Deal: G+T has advised Tilt Renewables on the project financing of the 130 megawatt Waipipi Wind Farm (formerly referred to as the Waverley Wind Farm) in South Taranaki, New Zealand. The NZ$241 million construction and NZ$31 million bank guarantee facilities are funded by a syndicate of Australian and overseas commercial banks.

 
 

Value: NZ$241 million construction and NZ$31 million bank guarantee.

Area: Banking and infrastructure.

Key players: The G+T team was led by partner Adela Smith, who was supported by senior consultant Lisa Hamilton, special counsel Caroline Mathie and lawyer Felix Buddee.

Deal significance: Speaking about the deal, Ms Smith said: “We are delighted to have yet again assisted Tilt Renewables [in] the development of another milestone project, being the first wind farm in New Zealand to be project financed by international banks.”

“The financing package is a testament to Tilt’s reputation in the market and its fantastic relationship with key lenders,” she added.

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Jerome Doraisamy

Jerome Doraisamy

Author

Jerome Doraisamy is the managing editor of professional services (including Lawyers Weekly, HR Leader, Accountants Daily, and Accounting Times). He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

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