Allens has advised Goldwind on the divestment of a 49% stake in the Stockyard Hill Wind Farm to Qatar-based global power and development investment company Nebras Power.
The transaction is one of the largest in the renewable energy sector in recent years.
Stockyard Hill Wind Farm is located in Victoria's central highlands, approximately 35 km west of Ballarat. Once construction is complete and the wind farm is operational, it will produce clean energy to power approximately 391,000 Victorian homes. It is expected to be the largest wind farm in Australia.
'This divestment builds on Allens' substantial portfolio of work in the renewables sector, including a number of large and complex M&A transactions', said Partner Jeremy Low.
'This acquisition is consistent with a broader trend of growing interest in stable infrastructure investments, particularly in the clean energy space', he said.
In 2018, Allens advised Goldwind Australia on the development and financing of the construction of the wind farm.
Allens legal team
Corporate (M&A)
Jeremy Low (Partner), Joy Yoon (Senior Associate), Mareli Vermeulen (Senior Overseas Practitioner), Dixon Song (Associate) and Alex Cox (Lawyer).
Projects & Development
Andrew Mansour (Partner) and Karla Drinkwater (Managing Associate).
Banking & Finance
Scott McCoy (Partner) and Carolyn Loh (Associate).
Ends
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.