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Hillston Solar Farm sees financial backing
Global law firm Ashurst has advised a number of financiers in relation to the project financing of the Hillston Solar Farm, located in NSW.
Emma Musgrave
Firm: Ashurst (Export Development Canada, Natixis, and Commonwealth Bank of Australia).
Value: Undisclosed.
Area: Finance, projects.
Key players: The Ashurst team was led by partner Chris Redden, with support provided by counsel Douglas Fung, lawyer Fiffy Che and graduate Joanna Ma (project finance); partner Dan Brown (international projects group); consultant Diane Skapinker and senior associate Robyn Dimis (real estate); partner Ian Kellock, counsel Bronwyn Kirkwood and lawyer Laura Scro (tax); senior associate Phoebe Chen and junior associate Yeqi Fei (global markets, China).
Deal significance: The 120-megawatt Hillston Solar Farm located in NSW is being developed by Amp Power Australia Pty Limited, the Australian operating company of global clean energy developer Amp Energy.
As per a statement from Ashurst, the solar farm is expected to begin energisation in early 2022 and will generate approximately 235,000GWh per year (the equivalent capacity to power approximately 48,000 homes annually).
Lead partner Chris Redden noted: “We are delighted to have advised Export Development Canada and Natixis as financiers, and Commonwealth Bank of Australia as agent and security trustee in relation to the project financing of the 120MW Hillston Solar Farm in New South Wales for Amp Energy”.
“The Hillston Solar Farm is a significant development by Amp Energy and continues its impressive track record of developing renewable energy projects in Australia.”
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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