find the latest legal job
Corporate/Commercial Lawyers (2-5 years PAE)
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Specialist commercial law firm · Long-term career progression
View details
Graduate Lawyer / Up to 1.5 yr PAE Lawyer
Category: Personal Injury Law | Location: Brisbane CBD & Inner Suburbs Brisbane QLD
· Mentoring Opportunity in Regional QLD · Personal Injury Law
View details
Corporate and Commercial Partner
Category: Corporate and Commercial Law | Location: Adelaide SA 5000
· Full time · Join a leading Adelaide commercial law firm
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Sydney NSW
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
In-house Legal Counsel & Commercial Lawyers
Category: Corporate and Commercial Law | Location: All Melbourne VIC
· Providing lawyers with flexibility and control over when they work, how they work and who they work for.
View details
Allens helps create energy giant

Allens helps create energy giant

Allens Arthur Robinson has acted on the establishment of AusChina Energy Group, a renewable energy joint venture between two of China's largest state-owned renewable energy businesses, China…

Allens Arthur Robinson has acted on the establishment of AusChina Energy Group, a renewable energy joint venture between two of China's largest state-owned renewable energy businesses, China Datang Renewable Power Co (Datang) and Tianwei Baobian Electric Co (Tianwei), and the Australian company CBD Energy Limited (CBD).

Datang has a 63.75 per cent stake in AusChina Energy Group, while Tianwei and CBD have 12.5 per cent and 23.75 per cent interests respectively.

The AusChina Energy Group, which is a stapled investment joint venture group, is reported as having a development target of approximately $6 billion worth of renewable energy projects over eight years, which would represent one third of Australia's wind energy market.

Datang and Tianwei are both subsidiaries of ultimate parent companies which are ranked in the Fortune Global 500. Datang, which is listed on the Hong Kong Stock Exchange, focuses on the development, construction and operation of wind power projects, including the world's largest wind farm, the Sainhanba Wind Farm in Mongolia, which has a capacity of 1000MW.

Tianwei, which is listed on the Shanghai Stock Exchange, is the main operating company of the Baoding Tianwei Group, the largest electrical supplier in China. It is also a producer of wind turbines and has been involved in the development of solar grade silicon, solar PV, solar thin film and solar thermal equipment.

CBD is an ASX-listed Australian renewable energy company.

Under the agreement, CBD, Datang and Tianwei have each agreed to develop any Australian wind energy opportunities through AusChina Energy Group.

As Datang and Tianwei consider further global expansion, it is possible that AusChina Energy Group may be a vehicle for undertaking further overseas projects.

Allens Sydney partner Jeremy Low led a team of lawyers from the firm's Sydney, Beijing, Shanghai and Hong Kong offices.

"This joint venture represents not only an investment in renewable energy as part of the solution to climate change but also the further development of closer economic ties between Australia and China," said Low.

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

Allens helps create energy giant
lawyersweekly logo
Promoted content
Recommended by Spike Native Network
more from lawyers weekly
Dec 13 2017
Young humanitarian lawyer California-bound
A young Australian lawyer will be travelling to the US next year for a prestigious nine-month study ...
Jackie Rhodes
Dec 12 2017
Report sheds light on LGBTQI inclusion in law firms
A recent report has revealed the varying perceptions on LGBTQI diversity and inclusion in the Austra...
Women in business
Dec 12 2017
Annabel Crabb headlines Women in Business Forum
Political journalist Annabel Crabb has appeared at the Coleman Greig Lawyers Women in Business Forum...
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 & ...