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CleanPeak Energy acquires Mugga Lane Solar Farm
CleanPeak Energy Renewable Investment Trust (CPERI) has been advised on its acquisition of the Mugga Lane Solar Farm in the ACT.
Jerome Doraisamy
Firm: Maddocks (CleanPeak)
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Deal: CleanPeak has acquired the Mugga Lane Solar Farm, following a competitive process run by the receivers and managers of the owner and operator of the project and is expected to close by the end of the first quarter of 2023.
Area: Energy and resources
Value: Undisclosed
Key players: The Maddocks team was led by partner Ron Smooker, who was supported by partners Pria O’Sullivan, Danielle Funston and Sefton Warner, special counsel Richard Robinson, senior associates Jacqueline Picone, Peter Hoolihan and Chris La Guzza.
Deal significance: Speaking about the acquisition, Mr Smooker said: “This transaction will provide CleanPeak Energy with access to renewable energy assets in the ACT, adding to its growing portfolio and supporting its long-term strategy of renewable infrastructure.
“This was a transaction requiring various areas of specialisation and capability in the challenging context of an insolvent seller group. It was very pleasing to see our cross-practice team from across Maddocks’ Sydney, Melbourne and Canberra offices work so seamlessly to deliver this outcome for CPERI.”
