Hogan Lovells closes letter of credit financing to support the construction phase of its investment in the Murra Warra Wind Farm

PRESS RELEASE

Hogan Lovells acted for Partners Group, the global private markets investment manager, as lead counsel on the letter of credit financing to support the construction phase of its over AUD$200 million equity investment on behalf of its clients in the first stage of Murra Warra Wind Farm (Murra Warra 1), one of the largest in Australia and the Southern Hemisphere.

Murra Warra 1 is located in north west Victoria and when construction is completed in mid-2019, it will comprise 61 Senvion 3.7MW turbines with a total nameplate capacity of 226MW. The clean energy generated will be enough to power 220,000 Australian households and offset over 900,000 tonnes of carbon emissions every year.

Partners Group is a global private markets investment management firm with US$78 billion in investment programs under management in private equity, private real estate, private infrastructure and private debt.

Hogan Lovells Partner Richard Hayes said, “We were thrilled to assist Partners Group with the letter of credit financing to support the construction phase of its investment in Murra Warra 1, one of the largest wind farms in the Southern Hemisphere and a continuation of its significant investments in sustainable practices and renewable energy in Australia.”

Banking Partner Richard Hayes led the team together with Counsel Chris Robertson, Associate Alistair Handy and Trainee Solicitor Amelia Schubach.