You have 0 free articles left this month.
Register for a free account to access unlimited free content.

Lawyers Weekly - legal news for Australian lawyers

Powered by MOMENTUM MEDIA
lawyers weekly logo

Powered by MOMENTUM MEDIA

Advertisement
Goodbye job applications, hello dream career
Seize control of your career and design the future you deserve with LW career

Newcrest secures 15-year PPA for Cadia Mine

Listed mining corporation Newcrest has been advised on its successful negotiation with Tilt Renewables for its central western NSW Cadia Mine and Rye Park Wind Farm.

user iconJerome Doraisamy 13 January 2021 Big Law
Allens
expand image

Firm: Allens (Newcrest Mining Limited).

Deal: The PPA – a 15-year power purchase agreement negotiated between Newcrest subsidiary, Cadia Holdings Pty Limited, and Tilt Renewables Limited – designed to meet part of the future energy requirements for Newcrest’s Cadia Mine in central western NSW, is for approximately 55 per cent of the output of the proposed approximately 400-megawatt Rye Park Wind Farm.

In a statement, Allens said that the PPA expected to allow the Rye Park Wind Farm project to move from the development stage into financing and construction and “will become the largest wind farm directly enabled by a corporate PPA in Australia”.

Value: N/A.

Area: Projects and development.

Key players: The Allens team was led by partner Kate Axup, who was supported by senior associate Danielle Jones, associate Helen Santamaria and lawyer Shane Chandra.

Deal significance: Ms Axup commented: “We are delighted to have worked alongside Newcrest on this important milestone in its transition to sustainable energy use.”

“As the trend towards net zero emissions continues to grow, PPAs with renewable generators are increasingly in demand among Australian organisations as one of the building blocks towards a more sustainable energy procurement solution,” she noted.

Jerome Doraisamy

Jerome Doraisamy

Jerome Doraisamy is the managing editor of Lawyers Weekly and HR Leader. He is also the author of The Wellness Doctrines book series, an admitted solicitor in New South Wales, and a board director of the Minds Count Foundation.

You can email Jerome at: This email address is being protected from spambots. You need JavaScript enabled to view it. 

You need to be a member to post comments. Become a member for free today!