Allens has ranked first by value and volume in Infralogic's Australia and New Zealand Project Finance Rankings for Q3 2023. The firm also took out the top spot in the H1 2023 rankings.
The firm advised on a number of transactions over the period, including:
- the sponsors on the refinancing of the Kwinana gas fired power station in Western Australia;
- the syndicate of lenders on Squadron Energy's innovative portfolio debt financing package to acquire CWP Renewables;
- the lenders to the CQC Partners consortium on the financing of the Circular Quay Renewal public-private partnership;
- Acciona Energy on the financing for the 923MW MacIntyre Wind Farm – the first CESCE covered loan facility in Australia;
- GIP on the A$6 billion Perdaman urea plant in Western Australia; and
- the lenders on significant refinancings for the New Royal Adelaide Hospital, Transurban Queensland and WestConnex Stage 3.
'While greenfield project financing activity has remained subdued for much of 2023, the outlook for the rest of 2023 and into 2024 looks positive as Australia's energy transition starts to gather a greater level of momentum. We look forward to partnering with our clients on those opportunities' said Head of Project Finance Michael Ryan.
'Our clients continue to entrust us with their largest and most complex matters in this part of the world, this result together with our position as a top legal adviser to lenders and borrowers in the broader syndicated financing market confirms that. We are immensely grateful for the support and confidence that our clients continue to have in our team, and we are proud to help and share in our clients' successes,' said Banking and Finance practice lead Tim Stewart.