find the latest legal job
Corporate Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Highly-respected, innovative and entrepreneurial Not-for-Profit · Competency based Board
View details
Chief Counsel and Company Secretary
Category: Generalists - In House | Location: Newcastle, Maitland & Hunter NSW
· Dynamic, high growth organisation · ASX listed market leader
View details
In-house Projects Lawyer | Renewables / Solar | 2-5 Years PQE
Category: Generalists - In House | Location: All Australia
· Help design the future · NASDAQ Listed
View details
Property lawyer - Melbourne
Category: Property Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Impressive client list, national firm · Well-led and high-performing team
View details
Senior family lawyer - Melbourne
Category: Family Law | Location: Melbourne CBD & Inner Suburbs Melbourne VIC
· Outstanding national firm · High-calibre family law team
View details
Multimillion-dollar project reaches financial close

Multimillion-dollar project reaches financial close

Kate Papailiou

One firm has advised on the financial close of a multimillion-dollar project, located in the Sunshine State.

Firm: DLA Piper (The Australian Renewable Energy Agency)

Deal: The Australian Renewable Energy Agency (ARENA) has been advised on the financial close of its latest project, the Whitsunday Solar Farm.

Value: $9.5 million

Area: Finance, projects

Key players: The DLA Piper legal team was led by finance and projects partner Kate Papailiou (pictured), with assistance from senior associate Marnie Carroll, senior foreign legal associate Gemma Lawrence and solicitor Billie Stevens.

Deal significance: The Whitsunday Solar Farm is located in Collinsville, Queensland.

It marks one of three large-scale solar projects to be developed by Edify Energy and Wirsol, along with the Hamilton Solar Farm and Gannawarra Solar Farm.

According to a statement from DLA Piper, the portfolio of projects is financed by the Clean Energy Finance Corporation, the Commonwealth Bank of Australia and NORD/LB. ARENA will benefit from knowledge-sharing activities across all three projects.

“This is a landmark transaction for the Australian renewable energy market as the first portfolio of solar projects to achieve financial close,” said Ms Papailiou.

"With innovative structures, come challenges to usual positions and modes of thinking – but also great opportunity for all stakeholders to work collaboratively and creatively. We are proud to have been a part of this process with ARENA, the sponsors and their counsel."

The statement from DLA noted that the Whitsunday Solar Farm project received a Solar 150 Incentive Deed from the Queensland government. The Queensland government undertook a parallel bidding process for projects that were successful in receiving grant funding in the ARENA funding round.

ARENA has committed $92 million in funding for 12 new large-scale solar PV plants across Australia, consisting of 480MW in total, according to the statement.

DLA Piper has also advised ARENA as its portfolio counsel for all shortlisted projects and as project counsel advising on the funding agreements for the Parkes Solar Farm, Griffith Solar Farm and Dubbo Solar Farm – all in regional New South Wales.


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

Multimillion-dollar project reaches financial close
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Warning
Aug 23 2017
NT Law Society sounds alarm on mandatory sentencing
The Law Society Northern Territory has issued a warning over mandatory sentencing, saying it hasn’...
Unite
Aug 22 2017
Professionals unite in support of marriage equality
The presidents of representative bodies for solicitors, barristers and doctors in NSW have come toge...
Aug 21 2017
Is your firm on the right track for gig economy gains?
Promoted by Crowd & Co. The way we do business, where we work, how we engage with workers, ev...
APPOINTMENTS
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'...
opinion
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...
Help
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 & ...