Norton Rose Fulbright has advised Signal Energy Australia through its negotiation as the engineering, procurement and construction (EPC) contractor for a new solar farm in Victoria.
Firm: Norton Rose Fulbright (Signal Energy Australia)
Deal: Signal Energy Australia has been advised on its engagement as the EPC contractor for the Glenrowan West Solar Farm in Victoria.
Area: Energy and resources.
Key players: The Norton Rose Fulbright team was led by Emanuel Confos, partner and Australian head of construction and engineering. Mr Confos was supported by special counsel Steven Choi and senior associate Paul Hedderwick.
Deal significance: The Glenrowan West Solar Farm is located between Benalla and Wangaratta, 11 kilometres southwest of the town of Glenrowan, Victoria in south-eastern Australia.
“The project will cover more than 706 acres and comprise more than 373,000 solar panels. When installed, the farm will have a capacity of over 149-megawatt peak (MWP), generating enough electricity to power the equivalent of approximately 41,000 local homes," a statement from NRF confirmed.
This matter saw NRF assist Signal Energy Australia – a wholly owned subsidiary of the US-based Signal Energy – in negotiating the EPC contract. In addition, NRF will continue to assist Signal Energy Australia during the delivery phase.
“We are pleased to have assisted Signal Energy Australia who has quickly become a major player in the EPC market. The highlight of this deal was the collaborative approach of the parties in sharing the procurement risks and the uncertain grid connection risks that face all renewable projects today,” said lead partner Mr Confos.