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Palisade launches renewable energy fund
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Exclusive: Founding principals set sail for long-standing Aus firm:

Palisade launches renewable energy fund

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An international law firm has acted on the establishment of Palisade’s renewable energy fund.

Firm: King & Wood Mallesons (Palisade)

Deal: Palisade has been advised on the establishment of its renewable energy fund, PREF.

Value: $600 million

Area: Finance, projects

Key players: The KWM team advising Palisade was led by corporate M&A partner David Eliakim and projects partner Roderick Smythe, with assistance from solicitors Mark Boyagi and Michelle Crocker.

Deal significance: Palisade’s renewable energy fund (PREF) has a mandate to invest approximately $500 million in the Australian renewable energy market, with a key focus on wind and solar assets.

Palisade established the fund in partnership with the Clean Energy Finance Corporation, which committed up to $100 million of funding to enable PREF to acquire and develop over 500 megawatts of renewable projects over the next four years.

PREF is seeded with two brownfield wind farm assets, Waterloo Wind Farm and Hallett 1 Wind Farm, and will continue to focus on construction and brownfield projects, as well as late-stage development projects.

“We are pleased to have supported Palisade on the establishment of this fund, which will enable it to develop a diverse portfolio of renewable assets which will deliver attractive long-term returns,” said KWM corporate M&A partner David Eliakim.

 

 

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