Global law firm Norton Rose Fulbright has advised Renew Estate on all aspects of the development of the 120MW dc Bomen Solar Farm in Wagga Wagga, NSW. Today, Renew Estate announced that it had entered into a PPA with Westpac Banking Corporation and the sale of the Bomen Solar Farm to Spark Infrastructure Group (ASX:SKI).
The project is underpinned by two power purchase agreements (PPAs) with Westpac and Flow Power. The project will provide the Wagga Wagga community with job opportunities, create significant local economic growth and boost the growing renewable energy sector in NSW.
A cross-practice team from Norton Rose Fulbright, led by corporate partner Martin Irwin, environment and planning partner Noni Shannon, regulatory partner Claire Forster, project finance partner Jo Crew and real estate partner Mike McKee, advised on all aspects of the development of the Bomen Solar Farm from its outset until completion of the PPA and sale to Spark.
Norton Rose Fulbright partner Martin Irwin commented:
“It is pleasing to be able to support Renew Estate on a solar farm development that will bring real benefits to regional NSW. The sale continues the strong pipeline of renewable energy deals Norton Rose Fulbright has transacted in the last 12 months including industry deal award recipients Sunraysia solar farm, the Kwinana WtE and Vast Solar’s Jemalong West Plant.”
Norton Rose Fulbright co-head of energy, Asia-Pacific, Paul Lingard commented:
”The pace of Australian renewables deals shows no sign of abating, as the country continues to invest in its changing energy mix to ensure a greater variability in power supply. Deals such as this require in-depth energy industry knowledge and the combination of legal advisors with diverse skills – from corporate M&A, project finance, permitting, real estate, environment and planning, construction and engineering, and competition – as well as having an ambitious client, in Renew Estate, to work with.”
The team was supported by partners Rob White and Emanuel Confos; senior consultant Karel Potgieter; special counsel Steven Choi, senior associates Johann Spies, Nicola Pearl, Claire Whitney, Stuart Robertson, Bianca Fernandes; associates Shen Low, Paul Hedderwick, Laura Waterford, Danielle Sterling, Jennifer Naulu, and Liya Wu; and lawyer Kit Man Cheng.
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