Global law firm Norton Rose Fulbright has advised international solar energy company Wirsol Energy (part of the WIRCON Group) on the acquisition of the 110 MWp Wemen Sun Farm, Victoria.
To be built over an area of 770 acres, the Wemen Sun Farm is located close to Mildura in Victoria. Wirsol expects to commence construction of the project during the last quarter of 2017.
The acquisition increases Wirsol’s solar presence in Australia following its successful entrance into the Australian market with the acquisition of the 198MWp solar portfolio consisting of the Hamilton, Gannawarra and Whitsunday solar farms, which commenced construction in March 2017.
Wirsol is also working on a 400 MW large-scale solar development portfolio with Australian renewables developer, Renew Estate.
Norton Rose Fulbright global head of energy Simon Currie commented:
"Everyday we read about the energy crisis in Australia. Wirsol, on behalf of the WIRCON Group, is investing hundreds of millions of dollars in new generation assets. This investment will help drive down power prices and deliver to consumers the benefits of the low cost solar PV."
The Norton Rose Fulbright team included lawyers from our Sydney and Melbourne offices. Simon Currie led the team advising Wirsol, supported by partner Raymond Lou and associate Tom Bramah. Other team members included partners Noni Shannon, Justin Lucas and Elisa De Wit, senior associates Tatiana Gotvig, Jacqueline Plant and Nicole Bury and lawyer Jonathan Pham.
Our team is currently working on over 30 large scale solar projects across Australia. We recently advised Blackrock on the acquisition and financing of the 150MW Daydream project and the 50MW Hayman project that achieved financial close on August 10, 2017 and earlier this year we advised Enel Green Power and Dutch Infrastructure Fund (DIF) on the purchase of the 275 MW Bungala Solar PV project.
For further information please contact:
Alex Boxsell, Senior Brand & External Communications Manager, Norton Rose Fulbright in Australia
Tel: +61 (0)2 9330 8165 Mob: +61 (0)414 985 556
Notes for editors:
Norton Rose Fulbright
Norton Rose Fulbright is a global law firm. We provide the world’s preeminent corporations and financial institutions with a full business law service. We have more than 4000 lawyers and other legal staff based in more than 50 cities across Europe, the United States, Canada, Latin America, Asia, Australia, Africa, the Middle East and Central Asia.
Recognized for our industry focus, we are strong across all the key industry sectors: financial institutions; energy; infrastructure, mining and commodities; transport; technology and innovation; and life sciences and healthcare. Through our global risk advisory group, we leverage our industry experience with our knowledge of legal, regulatory, compliance and governance issues to provide our clients with practical solutions to the legal and regulatory risks facing their businesses.
Wherever we are, we operate in accordance with our global business principles of quality, unity and integrity. We aim to provide the highest possible standard of legal service in each of our offices and to maintain that level of quality at every point of contact.
Norton Rose Fulbright Verein, a Swiss verein, helps coordinate the activities of Norton Rose Fulbright members but does not itself provide legal services to clients. Norton Rose Fulbright has offices in more than 50 cities worldwide, including London, Houston, New York, Toronto, Mexico City, Hong Kong, Sydney and Johannesburg. For more information, see nortonrosefulbright.com/legal-notices.
For more information about Norton Rose Fulbright, see nortonrosefulbright.com/legal-notices.