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Two global law firms have advised on the project financing of the Glenrowan Solar Farm in northern Victoria, which is part of the Victorian Renewable Energy Target Auction.
Firm: Herbert Smith Freehills (Pacific Partnerships); Allens (financier group)
“As one of the projects selected, the energy generated by Glenrowan Solar Farm will support the Victorian government’s commitment to achieve 100 per cent renewable electricity consumption for its operations by 2025, and contribute to meeting Victoria’s new renewable energy storage targets.”
Area: Energy and resources
Value: N/A
Key players: The HSF team was led by partner Jon Evans, who was supported by partners Daniel Ficyk and Nick Baker, senior associates Lisa Hamilton and Janine Chisholm, and solicitors Tia Liu, Hugh Pegler, Sylvia Tran and Yonnie Lipshatz.
The Allens team was led by partner Scott McCoy, who was supported by partners Rob Watt, Kip Fitzsimon, Jillian Button and Michael Graves, managing associate Danielle Jones, senior associates Tristan Kelly, Elise Rutherfurd and Isabel Burraston, associates Natalie Ho, Disha Kamal and Will Rennick, and lawyers Lisa Wang, Ellie Khor, Lana Yang and Lily Turpin.
Deal significance: Mr Evans said: “We are delighted to bring our deep expertise in the renewable energy sector to advise Pacific Partnerships on its Glenrowan Solar Farm project. This project is leading the charge as the first VRET2-supported project to achieve financial close, a vital step towards Victoria achieving its renewable energy targets by 2030.”
Mr McCoy added: “We congratulate Pacific Partnerships, the lenders and all involved in this successful VRET2-supported solar farm.
“It is encouraging to see the government’s ongoing support for the private sector through VRET2 bringing online more renewable energy and picking up the pace of our energy transition.”
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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.
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Jerome Doraisamy
