Allens Arthur Robinson has acted for Meridian Energy Ltd (Meridian) on its soon to be completed acquisition of Mt Millar wind farm in South Australia from ASX-listed entity Transfield Services Infrastructure Fund (TSI Fund), represented by Freehills.
Valued at $191 million, the transaction is a significant addition to New Zealand-owned
Meridian's developing portfolio of Australian renewable energy assets.
Led by partner Anna Collyer and senior associates Nick Li and Emma Stacey, the Allens team advised Meridian on all aspects of the transaction, including due diligence, regulation and negotiation of the share sale agreement with TSI Fund.
According to Collyer, the deal is an important step for Meridian in strengthening its position in the Australasian market for renewable energy.
"In addition to advising on the acquisition aspects, it was crucial for the firm to be able to apply its significant depth of expertise in the energy sector," she said.
"It's exciting that Allens can be part of our client's success in building its presence in the Australian market, and equally as exciting to work alongside a client who is so committed to excellence in the renewable energy generation sector."
Mt Millar wind farm is located approximately 100km south-west of Whyalla on the Eyre Peninsula.
The site extends over a 7km long escarpment and produces enough electricity per year to power on average 36,000 Australian households.