The licence facilitates the development of a wind farm off the Gippsland coast
Ashurst has guided Mainstream Renewable Power on consortium arrangements in relation to the Gippsland Skies project.
The project is intended to develop a 2.5GW offshore wind farm off the coast of Gippsland. The Gippsland Skies consortium consists of Mainstream Renewable Power and Reventus Power (35% share), AGL Energy (20% share) and Direct Infrastructure (10% share).
“As one of Australia's first offshore wind projects, the Gippsland Skies project will play a major role in Australia's transition to renewables”, Ashurst co-lead partner Bree Miechel said.
Recently, the consortium was awarded a feasibility licence by the government to develop projects in the Gippsland Declared Area. It is one of six project proponents to receive this licence.
“The Gippsland offshore wind zone was the first area to be declared in Australia for offshore wind development; these are the first projects to be awarded feasibility licences. Each of the successful proponents can now exclusively assess the feasibility of their projects in their respective licensed areas before applying for commercial licences to construct and operate their projects”, Ashurst said.
Miechel led the firm’s team alongside corporate transactions partner Natsuko Ogawa.
Mainstream Renewable Power is a pure-play renewable energy companies, possessing wind and solar assets in markets like the UK, Latin America, Africa and APAC.
