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Singapore company acquires WA solar farm

Global law firm DLA Piper has advised Solar United Network on its acquisition of the Merredin Solar Farm in Western Australia from Risen Energy.

user iconEmma Musgrave 26 October 2022 Big Law
Singapore company acquires WA solar farm
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Firms: DLA Piper (Solar United Network); Undisclosed (Risen Energy)

Deal: Solar United Network has acquired the Merredin Solar Farm from Risen Energy.

Value: Undisclosed


Area: Merger and acquisition, energy and resources

Key players: The DLA Piper team was led by Melbourne-based corporate partner Chris Mitchell, supported by partners Fleur Gibbons, Eagul Faigen, Rhys Davies and Alex Regan, senior associates Chanel Mercurio, Marnie Calli and Madison Alexeeff and solicitors Lisa Huynh, Ashvin Sandra Segaran and Joanne Lim.

Deal significance: Solar United Network is a Singapore-based company keen on expanding its presence across the Asia-Pacific market.

The Merredin Solar Farm, which has been operational since 2020, is the largest operating solar farm in Western Australia, with a total of 354,452 panels spread over 460 hectares and expected annual renewable power generation of 274 gigawatt hours.

According to a statement from DLA Piper, this is enough green energy to power approximately 42,000 homes in Western Australia.

“It was a pleasure to have led a cross-border team of legal experts with the full set of legal expertise and experience necessary to assist Solar United Network successfully complete its first renewable energy investment in Australia,” said lead partner Chris Mitchell.

“The Merredin Solar Farm, which has a 50 per cent offtake agreement with BHP’s Nickel West Kwinana, is a strategically important facility and plays a significant role in Western Australia’s commitment to the transition to net zero.

“Solar United Network’s acquisition and investment in the project underpins its commitment to renewable energy generation and complements its leading and expanding footprint in the commercial and industrial solar generation sector in the Asia-Pacific [region].”