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Firms put energy into wind farm investment

Firms put energy into wind farm investment

King & Wood Mallesons and Herbert Smith Freehills have acted on Guohua Energy’s investment in Hydro Tasmania’s 168-megawatt Musselroe wind farm project.

Firms: King & Wood Mallesons (Guohua Energy Investment Co); Herbert Smith Freehills (Hydro Tasmania)

Deal: Acquisition of a 75 percent stake in Hydro Tasmania’s 168-megawatt Musselroe wind farm project

Area: Banking & finance

Value: Undisclosed

Key players: The Australian KWM team was led by banking & finance senior associate Claire Rogers (pictured), who was supported by solicitor Colin Wong.  The China KWM team was led by partner Jin Xiong, who was supported by senior lawyer Robin Teow   

Deal significance: Under the agreement, Shenhua Clean Energy Holdings, a joint venture of Guohua and Shenhua Hong Kong  Ltd., and Hydro Tasmania will establish a joint venture, Musselroe Wind Power Holdings, to develop the project.

Construction of the Musselroe wind farm project commenced at the end of 2011 and is expected to be operational in June 2012. Upon completion, the total installed wind power capacity of Guohua in Australia will be more than 300 megawatts.

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