KWM works on funding for $300 wind farm

The project is one of two renewable energy plants in a $700m platform

KWM works on funding for $300 wind farm

King & Wood Mallesons (KWM) has played a key role in getting a major New South Wales wind farm going.

The top firm advised the Clean Energy Finance Corporation, Westpac Banking Corporation, and Sumitomo Mitsui Banking Corporation on the $113m debt facility to design, construct and operate the 135MW Crudine Ridge Wind Farm, located 45km south of Mudgee in the state.

The $300m project is one of the two wind farms being developed by CWP Renewables and Partners Group under the new $700m Grassroots Renewable Energy Platform.

Two other global firms are connected to the new energy platform. Norton Rose Fulbright (NRF) acted for CWP and Partners Group as sponsors of the Crudine Ridge Wind Farm. Clifford Chance advised Swiss investment firm Partners Group on the establishment of Grassroots.

The Crudine Ridge project has a partial power purchase agreement with Meridian Energy, KWM said. GE Renewable Energy and Zenviron will construct the project, which will consist of up to 37 3.63MW GE wind turbines.

The KWM team that acted on the debt facility for the project was led by partner Claire Rogers. She was supported by senior associate Chris Allfrey and solicitors Priscilla Hejtmanek and Sam Purcell.

The other wind farm project being developed under Grassroots is the 270MW Sapphire Wind Farm. In 2016, KWM also helped the financiers on the funding, while NRF also acted for CWP and Partners Group, on that project.

 

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