Press Releases

Herbert Smith Freehills advises Infrastructure Capital Group on the acquisition of Bald Hills Wind Farm

Published by
Herbert Smith Freehills
1 March 2017 1:54 PM

PRESS RELEASE

Herbert Smith Freehills has advised Infrastructure Capital Group (ICG) and the Energy Infrastructure Trust (EIT) on the successful acquisition of the Bald Hills Wind Farm.

Bald Hills Wind Farm is a 52-turbine wind farm with an aggregate installed capacity of 106.6MW located in South Gippsland, Victoria. It has an offtake agreement with Alinta that runs to 2030.
 
EIT acquired the Bald Hills Wind Farm from the project’s developer, Mitsui & Co, bringing ICG’s renewable energy generation capacity to 455MW across five wind farms in Australia. 
 
The transaction was completed on 28 February 2017 and follows a competitive bid process. As part of the transaction, EIT assumed the existing project financing for the project.
 
The Herbert Smith Freehills team was led by partners David Ryan and Gerard Pike, who were assisted by senior associate Jennifer Harding and solicitors Mary Griffiths and Kai Ito.  
 
David Ryan commented: “We are very pleased to have worked with Craig Whalen, Daniel Beaver, Adrian Kong and the rest of the team at ICG on their successful acquisition of the Bald Hills Wind Farm, and to assist with the continued expansion of EIT’s renewable energy portfolio in Australia. ICG is a commercial and sophisticated investor and always a pleasure to work with.”
 
ICG and EIT were also advised by Rothschild and EY. Corrs Chambers Westgarth acted for Mitsui and the financiers.
 
Herbert Smith Freehills has recently advised on a number of other successful transactions in the Australian renewable energy industry, including:
 
•         Origin Energy on its sale process for the Stockyard Hill wind farm project
•         First Solar on the sale of its interests in the Broken Hill and Nyngan solar farms
•         The financiers to Ratch Australia’s Mt Emerald wind farm
•         Origin Energy on the sale of Cullerin Range wind farm
•         Santander on the sale of Taralga wind farm

About Herbert Smith Freehills

Operating from over 26 offices across Asia Pacific, EMEA and North America, Herbert Smith Freehills is at the heart of the new global business landscape providing premium quality, full-service legal advice. We provide many of the world’s most important organisations with access to market-leading dispute resolution, projects and transactional legal advice, combined with expertise in a number of global industry sectors, including energy, natural resources, infrastructure, technology and financial services. www.herbertsmithfreehills.com

Follow us on Twitter  @HSFlegal

 Media contact:

Name: Kelly Murray

Tel: +61 2 9322 4472

Email: kelly.murray@hsf.com

Herbert Smith Freehills

Share
Published by
Herbert Smith Freehills
1 March 2017 1:54 PM

Related Post

Recent Posts

What fossil madness is this? Wars can’t interrupt flow of wind and the sun, but all we hear is drill, baby, drill

Australia is in the grip of a global fossil fuel crisis. It knows it has…

20 March 2026

Can Australia make its own wind turbine parts? Global giant suggests it might be at the whim of federal LNP

CEO of global wind giant says bipartisan agreement needed if local manufacturing is to be…

20 March 2026

Why some of Australia’s energy market conventions should go the way of the dinosaurs

We face some big challenges. To what extent should we protect businesses designed to operate…

20 March 2026

In the case of critical minerals, China did not take our lunch – we left it on the table

Australia needs to apply a new lens of green energy and industry statecraft, including developing…

20 March 2026

Energy Insiders Podcast: Why batteries are the answer to nearly everything

We talk to Jeff Monday from Fluence on the fall in battery costs and the…

20 March 2026

Independent panel approves gigawatt scale battery three months after local opponents force referral

Independent Planning Commission gives approval to gigawatt-scale standalone battery project just three months after it…

20 March 2026