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Thai-owned company acquires Queensland wind farm
Two firms have advised on the acquisition of a $360 million wind farm project located on Mount Emerald, north Queensland.
Emma Musgrave
Firms: Mills Oakley (Ratch Australia); Port Bajool in-house team (Port Bajool)
Value: Undisclosed
Area: M&A
Key players: The team advising Ratch was led by Mills Oakley partner Luke Westmore, with assistance from special counsel Nicole Tumiati and senior associate Nile Rodman.
Deal significance: Located in north Queensland, the Mount Emerald wind farm is a $360 million project backed by the state and federal governments.
Thai-owned energy producer Ratch Australia and local developer Port Bajool each had a 50 per cent stake in the Mount Emerald wind farm, however the new acquisition will see Ratch hold 100 per cent equity in the project.
The project will enter its construction phase later this year and will be completed within two years, incorporating up to 53 turbines capable of generating enough electricity to power 75,000 homes each year.
“We are delighted to have advised Ratch on the acquisition of 100 per cent of the Mount Emerald wind farm project and we look forward to working with Ratch on the financing of this landmark renewable energy project, which, once constructed, will be the largest renewable energy project in Queensland,” said Mr Westmore.
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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