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Fotowatio Renewable Ventures advised on project financing of Walla Walla Solar Farm
Global renewable development company Fotowatio Renewable Ventures Australia has been advised on the project financing of the Walla Walla Solar Farm, located in Walla Walla near Albury.
Jerome Doraisamy
Firm: Herbert Smith Freehills (Fotowatio Renewable Ventures Australia)
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Deal: FRV Australia has secured funding from Clean Energy Finance Corporation, Export Development Canada and ING for the Walla Walla Solar Farm, located in Walla Walla near Albury. The solar farm is anticipated to begin its operations in 2023 and will have a peak power capacity of approximately 300-megawatt alternating current (MWac), HSF said in a statement.
Area: Energy and infrastructure.
Value: N/A
Key players: The HSF team was led by Melbourne partner Gerard Pike and executive counsel Amelia Fleming, with support from solicitors James Tong and Sylvia Tran.
Deal significance: Mr Pike commented: “We are excited to have worked with FRV Australia again on reaching financial close for Walla Walla Solar Farm — one of the few large-scale renewable energy greenfields projects to achieve close in the second half of 2022.
“Once constructed, it will make a significant contribution to Australia’s energy transition.”
