$200m financing for renewable project secured with Hogan Lovell’s aid

The funding was secured after complex negotiations with the Australian government, the lead partner says

$200m financing for renewable project secured with Hogan Lovell’s aid

Hogan Lovells has helped an energy company secure about $200m in financing for a renewable energy project in Western Australia.

The firm’s Australian infrastructure, energy, resources and projects team counselled Alinta Energy in the negotiations to fund the Chichester Solar Gas Hybrid Project. The team conducted legal due diligence and project financing work, it said.

Northern Australia Infrastructure Facility (NAIF) will provide $90m in funding for the project, while the Australian Renewable Energy Agency (ARENA) will contribute $24.2m. Subordinated debt and equity funding is provided by Alinta Energy.  

Hogan Lovells said that the project involves construction of a 60MW solar photovoltaic generation facility at the Chichester Hub, as well as a 60km transmission line linking Fortescue Metals Group’s (FMG) Chichester Hub iron-ore operations with Alinta Energy’s Newman gas-fired power station and a 35MW battery facility, which is expected to be completed in 2021.

The project is expected to increase energy supply security in the Pilbara region and benefit regional communities and pastoral stations, the firm said.

Ros O’Mally, Hogan Lovell’s lead partner, said that the deal entailed complex negotiations with the federal government. The firm’s team also included senior associate Lisa Mazor, associate Adam Aarons, and paralegal Zachary Forrai, who are all based in Sydney.

Hogan Lovells recently appointed Matthew Johnson, a Perth-based partner, to be the firm’s global head of mining.

Recent articles & video

Ex-Law Council of Australia president to participate in Vinnies CEO Sleepout

Federal Court grants extension for unfair dismissal case of justice department employee

Legal Aid NSW: Wage theft common among migrant workers

De Grey Mining Limited kicks off $600m equity raising with G+T's help

Consilio inks long-term team-up with analytics and intelligence software provider

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Most Read Articles

Thomson Geer partner on the biggest impact of the Bruce Lehrmann defamation ruling

Hall & Wilcox assists Tobii Dynavox to acquire Link Assistive for $13m

Pearce IP's AU litigation head shares the most important lesson she learned from her old job

Aquila Clean Energy APAC gets Ashurst’s help on NZ solar PV project procurement and financing