Asian renewable energy development platform takes off
Johnson Winter & Slattery has advised on the establishment of a new Asian renewable energy development platform backed by Infratil Limited (Infratil).
Firm: Johnson Winter & Slattery (Gurīn Energy).
Value: US$233 million.
Area: Finance, projects.
Key players: The Johnson Winter & Slattery team was led by partner Nicholas Grambas, assisted by associate Emily Blight and law clerk Dominic Surace.
Deal significance: The establishment of Gurīn Energy is being backed by Infratil, which is committing US$233 million to the development.
Gurīn Energy is headquartered in Singapore and will be focused on greenfield renewable projects across Asia. The group is working on an initial pipeline of projects of 500 megawatts at various stages of development in the Philippines, Vietnam, Thailand, Indonesia, and Japan, a statement from JWS confirmed.
“Increasing momentum behind energy transition (across all technologies) and allocation of capital to Asia is driving different strategies for global investors to participate, and backing established development teams under a platform structure is a highly attractive way to play in this space, for both existing and new global investors,” lead JWS partner Nicholas Grambas said.
“The experience and track record of the Gurīn Energy management team combined with Infratil’s global success in establishing and funding renewable energy projects creates a dynamic new development platform in Asia.”
Emma Musgrave
Emma Musgrave (née Ryan) is the managing editor, professional services at Momentum Media.
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