Plans to build one of the largest wind farms in Australia and the Southern Hemisphere are closer to reality as a global firm confirmed that it has closed the financing for the project.
Hogan Lovells acted for Partners Group as lead counsel on the letter of credit financing to support the construction phase of the first stage of the Murra Warra Wind Farm.
The global private-markets investment manager, which manages US$78bn, is pouring $200m into the project on behalf of clients.
Located in Victoria, the wind farm is expected to have a total capacity of 226MW, which is enough to power 220,000 Australian homes. The project is expected to be completed by mid-2019.
Clifford Chance earlier confirmed that it advised Partners Group on the acquisition of the wind farm.
Banking Partner Richard Hayes led the Hogan Lovells team, with support from counsel Chris Robertson, associate Alistair Handy, and trainee solicitor Amelia Schubach.
Hayes said that Murra Warra will be one of the largest wind farms in the Southern Hemisphere and a continuation of Partners Group’s significant investments in sustainable practices and renewable energy in Australia.