Allens has worked with leading integrated energy company, AGL Energy Limited (AGL), to help establish Australia's first unlisted A$1 billion renewable energy fund – called the Powering Australian Renewables Fund (PARF).
Joining AGL in the PARF is QIC, on behalf of its clients the Future Fund and those invested in the QIC Global Infrastructure Fund, as its equity partner. The Fund will make finance available for investments in large scale renewable projects across Australia.
Anna Collyer, lead partner, said being part of helping establish such an innovative investment vehicle was an exciting project for the Allens team.
'It has been very rewarding to be part of the project.
'The Fund has set a target of 1,000 MW of capacity and this will be achieved by investments in a mix of renewable technologies across Australia.
'The Allens team has included a mix of energy and funds lawyers,' Anna said.
The Fund launches on Wednesday.
Allens legal team
Anna Collyer (Lead Partner), Kate Axup (Partner), Mac Kemp (Partner), Damien Hughes (Senior Associate), James Kanabar (Senior Overseas Practitioner), Danielle Jones (Associate), Patrick Boyle (Associate), and Luisa Colosimo (Law Graduate).
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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.