Goldwind advised on divestment of stake in Australia’s largest wind farm
Allens has advised Goldwind on the divestment of stake in Australia’s largest wind farm.
Firm: Allens (Goldwind Australia)
Deal: Allens has advised Goldwind on the divestment of a 49 per cent stake in the Stockyard Hill Wind Farm to Qatar-based global power and development investment company Nebras Power.
Key players: The Allens’ corporate M&A team was led by partner Jeremy Low, senior associate Joy Yoon along with senior overseas practitioner Mareli Vermeulen, associate Dixon Song and lawyer Alex Cox.
The projects & development team was headed by partner Andrew Mansour and managing associate Karla Drinkwater while the banking & finance team was led by partner Scott McCoy and associate Carolyn Loh.
Deal significance: The transaction is one of the largest in the renewable energy sector in recent years.
Mr Low commented: “This divestment builds on Allens’ substantial portfolio of work in the renewables sector, including a number of large and complex M&A transactions.”
“This acquisition is consistent with a broader trend of growing interest in stable infrastructure investments, particularly in the clean energy space.”
Stockyard Hill Wind Farm is located in Victoria’s central highlands, approximately 35 kilometres west of Ballarat. Once construction is complete and the wind farm is operational, it will produce clean energy to power approximately 391,000 Victorian homes. It is expected to be the largest wind farm in Australia.
In 2018, Allens advised Goldwind Australia on the development and financing of the construction of the wind farm.