Deal: “VRET2 aims to bring further investment certainty in new energy projects, help meet the Victorian government’s renewable energy targets, and support the local communities and economies by creating an estimated 920 direct jobs,” HSF noted in a statement.

“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.”

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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.”