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Newcrest secures 15-year PPA for Cadia Mine
Listed mining corporation Newcrest has been advised on its successful negotiation with Tilt Renewables for its central western NSW Cadia Mine and Rye Park Wind Farm.
Jerome Doraisamy
Firm: Allens (Newcrest Mining Limited).
In a statement, Allens said that the PPA expected to allow the Rye Park Wind Farm project to move from the development stage into financing and construction and “will become the largest wind farm directly enabled by a corporate PPA in Australia”.
Value: N/A.
Area: Projects and development.
Key players: The Allens team was led by partner Kate Axup, who was supported by senior associate Danielle Jones, associate Helen Santamaria and lawyer Shane Chandra.
Deal significance: Ms Axup commented: “We are delighted to have worked alongside Newcrest on this important milestone in its transition to sustainable energy use.”
“As the trend towards net zero emissions continues to grow, PPAs with renewable generators are increasingly in demand among Australian organisations as one of the building blocks towards a more sustainable energy procurement solution,” she noted.
Jerome Doraisamy
Jerome Doraisamy is the editor of Lawyers Weekly. A former lawyer, he has worked at Momentum Media as a journalist on Lawyers Weekly since February 2018, and has served as editor since March 2022. He is also the host of all five shows under The Lawyers Weekly Podcast Network, and has overseen the brand's audio medium growth from 4,000 downloads per month to over 60,000 downloads per month, making The Lawyers Weekly Show the most popular industry-specific podcast in Australia. Jerome is also the author of The Wellness Doctrines book series, an admitted solicitor in NSW, and a board director of Minds Count.
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