Two firms have acted on the Bango Wind Farm project in the southern tablelands of NSW.
King & Wood Mallesons (KWM) has advised Westpac Banking Corporation, Commonwealth Bank of Australia, Oversea-Chinese Banking Corporation, and Sumitomo Mitsui Banking Corporation on the $250m debt facility for the design, construction, and operation of the Bango Wind Farm.
Meanwhile, Norton Rose Fulbright (NRF) has advised the Grassroots Renewable Energy Platform – a platform formed by renewable energy developer CWP Renewables and global private markets investment manager Partners Group – on all aspects of the development, construction, and debt financing of the Bango Wind Farm.
The wind farm is expected to generate enough electricity to power more than 100,000 homes and reduce greenhouse gas emissions by more than 600,00 tonnes every year.
The KWM team acting on the deal was led by partner Claire Rogers, with support from senior associate Chris Allfrey; solicitors Priscilla Hetjmanek and Shareen Dhillon; and graduate Lily Rayment.
“We are pleased to have successfully brought Bango Wind Farm to financial close, an innovative project using the world’s largest onshore wind turbines in production that will add an additional 244MW to the grid,” said Rogers. “Given the uncertainty surrounding renewable energy in Australia at the moment it is great to demonstrate that a strong investment and lender interest still exists in the market.”
The NRF team, meanwhile, was led by projects partner Jo Crew, with support from partners Noni Shannon, Michael McKee, and Luke van Grieken; special counsel Joanna Taylor; senior associates Nicola Pearl, Rebecca Ebzery, Sonali Seneviratne, Duncan Webber, and Kate Latta; associates Edwina Chung and Laura Waterford; and lawyer Alexander Brand.
“We are pleased to have worked with CWP and Partners Group on delivering yet another benchmark-setting renewables project, having advised the same sponsors on the 270MW Sapphire wind project in 2016 and the 135MW Crudine Ridge project last year,” said Crew.