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Palisade launches renewable energy fund
An international law firm has acted on the establishment of Palisade’s renewable energy fund.
Emma Musgrave
Firm: King & Wood Mallesons (Palisade)
Value: $600 million
Area: Finance, projects
Key players: The KWM team advising Palisade was led by corporate M&A partner David Eliakim and projects partner Roderick Smythe, with assistance from solicitors Mark Boyagi and Michelle Crocker.
Deal significance: Palisade’s renewable energy fund (PREF) has a mandate to invest approximately $500 million in the Australian renewable energy market, with a key focus on wind and solar assets.
Palisade established the fund in partnership with the Clean Energy Finance Corporation, which committed up to $100 million of funding to enable PREF to acquire and develop over 500 megawatts of renewable projects over the next four years.
PREF is seeded with two brownfield wind farm assets, Waterloo Wind Farm and Hallett 1 Wind Farm, and will continue to focus on construction and brownfield projects, as well as late-stage development projects.
“We are pleased to have supported Palisade on the establishment of this fund, which will enable it to develop a diverse portfolio of renewable assets which will deliver attractive long-term returns,” said KWM corporate M&A partner David Eliakim.
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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