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Infigen enters into 10-year agreement to dispatch Wallgrove grid battery
Listed energy company Infigen has been advised on its agreement with TransGrid to retain dispatch control over the Wallgrove grid battery in Western Sydney.
Reporter
Firm: King & Wood Mallesons (Infigen); Allens (TransGrid).
Under the agreement, KWM said in a statement, Infigen will retain dispatch control over the battery and “will receive all spot market revenue from its operations, including energy arbitrage and revenue from all eight FCAS markets”.
It is expected to commence commercial operation in the second half of 2021, the firm added.
If successful, Allens noted, the Wallgrove grid battery will be “instrumental” in providing grid stability to the National Energy Market.
Value: $61.9 million.
Area: Projects.
Key players: The KWM team was led by projects partners Dominic Bortoluzzi and Craig Rogers, who were supported by senior associate Tim Sumner and solicitor Prateek Choudhary. The Allens team was led by partner Andrew Mansour, who was supported by partner Adrian Chek, managing associate Karla Drinkwater, senior associates Jackson Minter and Scott Lang, senior overseas practitioner Tamzyn McClure, and lawyers Terence Zhou and Tristan Hall.
Deal significance: Speaking about the agreement, Mr Bortoluzzi said: “We are delighted to have once again partnered with Infigen to assist them in continuing to build their fast-start firming portfolio.”
“Infigen is at the forefront of the transition to clean energy in Australia, with this agreement further strengthening their firming capability and complementing their renewable energy portfolio.”
Mr Mansour added that Allens was “thrilled” to have advised TransGrid on this agreement: “As a first of its kind for NSW, the Wallgrove grid battery is likely to prove an important milestone on Australia’s road to renewables. It is particularly rewarding as a lawyer to work on pioneering projects like this.”
