Metis Energy acquires Qld solar farm
SGX-listed Metis Energy Limited has been advised on the acquisition of a 111-megawatt utility-scale solar farm development project in Queensland.
Firm: Baker McKenzie (Metis Energy)
Deal: Baker McKenzie has advised Metis Energy Limited on the acquisition of a 111-megawatt utility-scale solar farm development project in Queensland, which will set the foundation for its growth in Australia and provide the platform and catalyst to expand its renewable energy business in Australia and south-east Asia.
The proposed transaction is expected to be completed by the end of December 2022.
Area: Merger and acquisition.
Value: Undisclosed
Key players: The Baker McKenzie team was led by partners Raymond Lou and Aylin Cunsolo and supported by the broader projects team, including David Cooper, Ruth Dawes, Macy Jong, Angus Kingston, Samuel Allam, Aimi Tran, and Dean Bao.
Deal significance: Mr Lou said: “Metis aims to be amongst the first movers to pursue the green energy business in Asia and Australia and to become a leading renewable energy company.
“We know that this acquisition is an important step to accelerate Metis’ growth, and Baker McKenzie is proud to be assisting Metis with [its] strategy to become a major renewable developer and operator in Asia. We are already on to the next project.”
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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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