find the latest legal job
Senior Associate - Litigation & Dispute Resolution
Category: Litigation and Dispute Resolution | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Come work for a firm ranked in Lawyers Weekly Top 25 Attraction Firms
View details
Associate - Workplace Relations & Safety
Category: Industrial Relations and Employment Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Employer of choice · Strong team culture
View details
Freelance Lawyers
Category: Banking and Finance Law | Location: All Perth WA
· Freelance opportunities through Vario from Pinsent Masons
View details
Freelance Lawyers
Category: Other | Location: All Adelaide SA
· • Qualified lawyer with a strong academic background
View details
Freelance Lawyers
Category: Other | Location: All Melbourne VIC
· • Qualified lawyer with a strong academic background
View details
Origin sells NSW wind farm

Origin sells NSW wind farm

Kate Axup, Allens

Two global firms have advised on Energy Developments Pty Limited's acquisition of the Cullerin Range wind farm from Origin Energy.

Firms: Allens (Energy Developments Pty Limited); Herbert Smith Freehills (Origin Energy Limited)

Deal: Energy Developments Pty Limited purchased the Cullerin Range wind farm from Origin Energy Limited.

Value: $72 million

Area: M&A

Key players: The Allens team was led by partner Kate Axup (pictured), with assistance from partners Wendy Rae, Adrian Chek, Alan Maxton and Michael Graves, managing associates Michelle Bennett and Chris Patten, senior associate Emily Gerrard, and associates Danielle Jones and Lauren McInnes.

The Herbert Smith Freehills team was led by partner David Ryan and executive counsel Peter Davis.

Deal significance: Energy Developments Pty Limited (EDL) is an international provider of low greenhouse gas emissions energy and remote energy solutions.

EDL purchased of the 30MW Cullerin Range wind farm, which is located 35 kilometres west of Goulburn in NSW and has 15 2MW turbines, from Origin Energy Limited for $72 million.

EDL’s purchase of Cullerin is a strategic fit and complements its existing portfolio of distributed generation assets across NSW and the Australian Capital Territory, according to a release from Allens.

Under the terms of the transaction, Origin has entered into a long-term offtake agreement with Cullerin.

Allens lead partner Kate Axup said the project was a great one for the firm's renewables team.

"Working with the EDL team on the acquisition of Cullerin involved tight project management and a multi-disciplinary team able to provide advice across all legal due diligence areas, the sale agreement, tax implications and the Origin offtake arrangements," Ms Axup said.

"It is exciting to work with a business committed to growing in the mid-scale, grid connected renewable sector."

As part of its $800 million asset divestment program, Origin recently sold its Mortlake Gas Pipeline to the SEA Gas Mortlake partnership and the Mortlake Terminal Station to AusNet Transmission.

Like this story? Read more:

QLS condemns actions of disgraced lawyer as ‘stain on the profession’

NSW proposes big justice reforms to target risk of reoffending

The legal budget breakdown 2017

Origin sells NSW wind farm
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Oct 23 2017
How to fail well
The legal profession is due for an attitude adjustment when it comes to perceived failures, accordin...
Oct 23 2017
Lawyers slam rushed consultation for SA repeat offenders bill
The Law Society of South Australia has expressed concern for a proposal to roll out new laws amendin...
Oct 23 2017
The pursuit of happiness in the law
A panel of legal experts have explored how to define success in the legal profession, and how lawyer...
Allens managing partner Richard Spurio, image courtesy Allens' website
Jun 21 2017
Promo season at Allens
A group of lawyers at Allens have received promotions across its PNG and Australian offices. ...
May 11 2017
Partner exits for in-house role
A Victorian lawyer has left the partnership of a national firm to start a new gig with state governm...
Esteban Gomez
May 11 2017
National firm recruits ‘major asset’
A national law firm has announced it has appointed a new corporate partner who brings over 15 years'...
Nicole Rich
May 16 2017
Access to justice for young transgender Australians
Reform is looming for the process that young transgender Australians and their families must current...
Geoff Roberson
May 11 2017
The lighter side of the law: when law and comedy collide
On the face of it, there doesn’t seem to be much that is amusing about the law, writes Geoff Rober...
May 10 2017
Advocate’s immunity – without fear or without favour but not both
On 29 March 2017, the High Court handed down its decision in David Kendirjian v Eugene Lepore & ...