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ACEN Australia advised on multimillion-dollar green loan
Global law firm Herbert Smith Freehills has advised ACEN Australia on its $75 million green loan with the Clean Energy Finance Corporation.
Emma Musgrave
Firm: Herbert Smith Freehills (ACEN Australia)
Value: $75 million
Area: Renewable energy, finance
Key players: The Herbert Smith Freehills team was led by partner Gerard Pike and solicitors Andrew Julian and Jeremy Soh. The team was supported by Singapore-based partner Rupert Baker and paralegal Fanny Lum.
Deal significance: As per a statement provided by Herbert Smith Freehills, the facility with the CEFC builds on the existing $140 million funding from MUFG Bank and $100 million funding from DBS Bank.
Together, the financing will enable ACEN Australia to fund and facilitate its pipeline of renewable energy projects in Australia, the firm said.
Commenting further, Herbert Smith Freehills lead partner Gerard Pike said: “ACEN Australia’s financing with the Clean Energy Finance Corporation is a fantastic outcome for all involved and will mean ACEN can bring more large-scale renewable energy into construction in Australia quickly, which is what the market needs.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
Emma has worked for Momentum Media since 2015, including five years spent as the editor of the company's legal brand - Lawyers Weekly. Throughout her time at Momentum, she has been responsible for breaking some of the biggest stories in corporate Australia. In addition, she has produced exclusive multimedia and event content related to the company's respective brands and audiences.
Prior to joining Momentum Media, Emma worked in breakfast radio, delivering news to the Central West region of NSW, before taking on a radio journalist role at Southern Cross Austereo, based in Townsville, North Queensland.
She holds a Bachelor of Communications (Journalism) degree from Charles Sturt University.
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