With the acquisition, CleanPeak bolsters its solar farm investment in the ACT to $70m
Maddocks has advised CleanPeak Energy Renewable Investment Trust (CleanPeak Energy) as it acquired three solar farms from Sentient Impact Group.
CleanPeak Energy picked up the Williamsdale and Mount Majura Solar Farms in the ACT, as well as the Karratha Solar Farm in WA. Maddocks confirmed that the deal was signed earlier this month.
With the acquisition of the Williamsdale and Mount Majura Solar Farms, CleanPeak Energy's solar farm investment in the ACT increases to $70m. The farms will also contribute an additional 26 gigawatt-hours of power.
Corporate partner Ron Smooker and senior associate Jacqui Picone spearheaded a multidisciplinary team comprising lawyers from Maddocks’ Sydney, Melbourne and Canberra offices. Smooker and Picone received support from partners Peter Limbers, Pria O’Sullivan, Clare Batrouney, Joshua Same, Sefton Warner, and special counsel Trent Chugg. The team was also assisted by senior associates Alena Stirton, Teresa Hislop, and Peter Hoolihan.
Maddocks previously advised CleanPeak Energy on its acquisition of the ACT-based Mugga Lane Solar Farm earlier in the year. Last year, the firm also guided CleanPeak’s acquisition of the Barangaroo South Precinct’s utility business in Sydney.