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Listed mining corporation Newcrest has been advised on its successful negotiation with Tilt Renewables for its central western NSW Cadia Mine and Rye Park Wind Farm.
Firm: Allens (Newcrest Mining Limited).
In a statement, Allens said that the PPA expected to allow the Rye Park Wind Farm project to move from the development stage into financing and construction and “will become the largest wind farm directly enabled by a corporate PPA in Australia”.
Value: N/A.
Area: Projects and development.
Key players: The Allens team was led by partner Kate Axup, who was supported by senior associate Danielle Jones, associate Helen Santamaria and lawyer Shane Chandra.
Deal significance: Ms Axup commented: “We are delighted to have worked alongside Newcrest on this important milestone in its transition to sustainable energy use.”
“As the trend towards net zero emissions continues to grow, PPAs with renewable generators are increasingly in demand among Australian organisations as one of the building blocks towards a more sustainable energy procurement solution,” she noted.
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Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. 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.
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Jerome Doraisamy
