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Greenspot secures acquisition of Wallerawang power station
Greenspot has successfully acquired the Wallerawang coal-fired power station from EnergyAustralia with assistance from Johnson Winter & Slattery.
Naomi Neilson
Firm: Johnson Winter & Slattery (Greenspot)
Value: N/A.
Area: Energy and environment.
Key players: The team was led by partner Samantha Daly with support from associate Jemma Potezny.
Deal significance: Following the acquisition, Greenspot proposes to carry out an extensive decommissioning, demolition and rehabilitation program with plans to repurpose the site and associated buffer lands into an industrial facility. The facility will then be fit for a variety of uses, including manufacturing and protected cropping food production businesses.
The purchase was a complex transaction involving multiple parties and numerous legal documents requiring negotiations. The purchase provides an opportunity for the site to be used for a range of job-creating uses going forward, thereby generating significant economic activity in the local area and the broader region.
Ms Daley said: “As a number of coal-fired power stations near the end of their life in NSW, and across the country, the repurposing of the Wallerawang power station site by Greenspot is likely to gain significant attention from a number of stakeholders.
“We are thrilled to have assisted with the acquisition of the site by Greenspot and look forward to continuing to support the project as it moves into the demolition and repurposing stages.”
Naomi Neilson
Naomi Neilson is a senior journalist with a focus on court reporting for Lawyers Weekly.
You can email Naomi at:
