Allens has advised the Clean Energy Finance Corporation (CEFC) on a landmark investment in the construction of a clean energy 'superhighway'.
The CEFC will commit up to $1.92 billion to finance two major energy infrastructure projects to be developed by Transgrid, representing the largest single investment in the CEFC's history. The projects are HumeLink and the NSW element of the Victoria-NSW Interconnection (VNI West).
'Transmission projects are essential to driving energy transition in Australia, and require significant capital and innovative funding solutions,' said lead partner James Darcy.
'We were delighted to work alongside the CEFC and Transgrid in respect of such a significant investment in the nation's clean energy infrastructure.'
The CEFC is providing this finance via its $19 billion Rewiring the Nation Fund. The nationally significant projects, once completed, will be instrumental in Australia's energy transition, helping to bring low-cost and low-emissions clean energy to energy users.
Allens' work on this financing adds to its extensive experience in lending and debt capital markets, including for transmission projects.
Allens legal team
James Darcy (Partner), Dean Rose (Senior Associate), Bronwyn Neal (Associate)