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Allens advises on ‘Australia’s largest onshore wind farm’
Global law firm Allens has advised Spanish multinational conglomerate Acciona on the financing of the first tranche of Queensland’s MacIntyre Wind Farm.
Jerome Doraisamy
Firm: Allens (Acconia)
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Deal: Allens has advised Acciona on the financing of the first tranche of Queensland’s MacIntyre Wind Farm, which the firm said is “set to become Australia’s largest onshore wind farm and one of the largest in the world”.
The project will be part of a 1026-megawatt wind farm precinct alongside CleanCo (the Queensland government’s renewable energy generator) with a total investment of $1.96 billion.
Area: Energy and resources
Value: $1.96 billion
Key players: The Allens team was led by partner Michael Ryan (pictured), who was supported by partner Kate Axup, senior associates Tristan Kelly and Kanana Fujimori, and lawyers Tim Tabalujan, Lachlan Paterson and Lydia Ganci.
The team also worked with counterparts from the Madrid office of alliance partner Linklaters to complete the financing.
Deal significance: Mr Ryan said: “The MacIntyre Wind Farm brings unprecedented scale to Australia’s renewable energy generation capacity, offering a significant leap forward for our energy transition.
“We are delighted to have continued our longstanding relationship with Acciona to advise on such an innovative financing structure featuring the first CESCE covered loan facility in Australia.”
