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Orora advised on ‘innovative’ wind farm project purchase
Orora Limited has been advised by Allens on a long-term power purchase agreement for the 228MW Lal Lal Wind Farm project, based in Victoria.
Jerome Doraisamy
Firm: Allens (Orora Limited).
Value: Undisclosed.
Area: Projects.
Key players: The Allens team was led by partner Kate Axup, who was supported by managing associate Melissa Keane, partner James Darcy and senior associate Gabriela Wilson.
Deal significance: The effect of the deal, which also includes a proxy revenue swap, is to provide Orora with a fixed volume PPA with regards to electricity demand for its Victorian and NSW operations, Allens noted in a statement.
Commenting on the deal, Ms Keane said the firm was delighted to have worked with Orora, which is the “first of its kind in the Australian market”.
Ms Axup added: “Corporate PPAs are helping large consumers of electricity to hedge their exposure to high electricity prices, at the same time as adding to their green credentials.”
“They are also providing project sponsors with a new way to get their projects off the ground,” she said.
Jerome Doraisamy
Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.
You can email Jerome at:
