Greenspot secures acquisition of Wallerawang power station
Greenspot has successfully acquired the Wallerawang coal-fired power station from EnergyAustralia with assistance from Johnson Winter & Slattery.
Firm: Johnson Winter & Slattery (Greenspot)
Deal: Johnson Winter & Slattery’s (JWS) environment and planning team recently co-acted for Greenspot, a joint venture between the owners of Borg and Bettergrow, in its acquisition of the Wallerawang coal-fired power station from EnergyAustralia.
Area: Energy and environment.
Key players: The team was led by partner Samantha Daly with support from associate Jemma Potezny.
Deal significance: Following the acquisition, Greenspot proposes to carry out an extensive decommissioning, demolition and rehabilitation program with plans to repurpose the site and associated buffer lands into an industrial facility. The facility will then be fit for a variety of uses, including manufacturing and protected cropping food production businesses.
The purchase was a complex transaction involving multiple parties and numerous legal documents requiring negotiations. The purchase provides an opportunity for the site to be used for a range of job-creating uses going forward, thereby generating significant economic activity in the local area and the broader region.
Ms Daley said: “As a number of coal-fired power stations near the end of their life in NSW, and across the country, the repurposing of the Wallerawang power station site by Greenspot is likely to gain significant attention from a number of stakeholders.
“We are thrilled to have assisted with the acquisition of the site by Greenspot and look forward to continuing to support the project as it moves into the demolition and repurposing stages.”