Allens has advised market-leading sustainable energy distribution provider Pacific Energy on a new $350 million debt facility, including a $175 million green loan component with a sustainable finance framework.
The deal brings Pacific Energy's total debt facilities to $1.2 billion and allows it to continue to fund its strong pipeline of renewable power projects.
'Pacific Energy is playing a significant role in Australia's energy transition with its focus on renewable energy solutions including solar, wind and battery energy storage systems. It has a critical role to play in delivering on net zero by 2050,' said lead partner Tim Stewart.
Pacific Energy is an Australian market leader in the provision of sustainable distributed energy, operating for more than four decades, with owned-and-operated assets at 48 sites nationally and more than 900MW of contracted capacity under management. Pacific Energy's commitment to decarbonisation and sustainable energy solutions has been a driving force behind its success and growth.
Allens legal team
Banking & Finance
Tim Stewart (lead Partner), Sally Page (Senior Associate), Cara Kenny (Lawyer)
M&A
Charles Ashton (Partner), Alex Knights (Associate)