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Firms breeze through wind farm deal
Global and national firms have advised international wind energy company Windlab and Japanese-based Eurus Energy on the development of the Coonooer Bridge wind farm.
Felicity Nelson
Firms: Gilbert + Tobin (Windlab); Ashurst (Eurus Energy); Herbert Smith Freehills (ANZ)
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Deal: Development of the Coonooer Bridge wind farm
Value: A$50 million
Area: Banking & Finance
Key players: G+T special Counsel Luke Westmore (pictured) led the deal with Tony Holland acting as the main partner. HSF’s team was led by partner Gerard Pike. Ashurst's team was led by partner Paul Newman and Natsuko Ogawa.
Deal significance:
The development of the Coonooer Bridge wind farm is the cheapest wind energy project delivered in Australia.
It represents Windlab and Eurus Energy's first greenfield project in Australia and is the first project under the ACT wind auction to reach financial close.
“We congratulate Windlab and Eurus on reaching financial close on this landmark transaction,” Mr Westmore said.
“We are proud to be part of the team that has closed the first ACT wind farm auction project and to continue our involvement in the renewable energy sector.”
The G+T team advised on all aspects of the development of the wind farm including the EPC, WOM, corporate structuring and financing documentation.
