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Allens advises ACCIONA on Gunning Wind Farm project

29 February 2012

Allens Arthur Robinson (Allens) has advised ACCIONA, the world's largest independent (non-utility) renewable energy developer and owner, on all aspects of the development of the $147 million Gunning Wind Farm, including the project's financing arrangements, which were completed on 13 February.

Located in the NSW Southern Tablelands, the 46.5 MW wind farm is now operational and ready to deliver enough renewable energy to power 23,250 homes.

Banking & Finance Partner Simon Lynch and Senior Associate Michael Ryan led the team advising ACCIONA on the project financing aspects of the wind farm.

'We have a very strong track record in project financing wind farms and are very happy to have helped ACCIONA in the financing of the Gunning Wind Farm during what is a challenging time in the debt markets,' Mr Ryan said.

Partners Paul Quinn and Anna Collyer, assisted by Senior Associate Andrew Chan, advised ACCIONA on the offtake agreement that was entered into with Origin Energy for the project. Partner Adrian Chek advised on NSW stamp duty issues and Partner Michael Graves led a separate Allens team on the due diligence, property, construction and project documents.

'We were delighted to assist ACCIONA with this project and continue our strong association with them,' Mr Quinn said.

'ACCIONA is a global leader in renewable energy, water and infrastructure, and Allens is proud to have worked with them in relation to the development of a number of projects, including the Legacy Way Tunnel Project, the Adelaide Desalination Project, the Waubra Wind Farm and the Cathedral Rocks Wind Farm.'

Allens legal team Paul Quinn (Executive Partner – Melbourne), Simon Lynch (Partner – Melbourne), Adrian Chek (Partner – Sydney), Anna Collyer (Partner – Melbourne), Michael Graves (Partner – Melbourne), Michael Ryan (Senior Associate – Melbourne), Andrew Chan (Senior Associate – Melbourne), Sarah Dynon (Lawyer – Melbourne), Lisa Zhou (Lawyer – Melbourne), Daniel Elliot (Lawyer – Melbourne), Pat Fazzino (Personal Assistant – Melbourne), Natalie Hall (Legal Secretary – Melbourne), Andrea Hammerberg (Legal Secretary – Melbourne), Ann Middleborough (Legal Secretary – Melbourne), Angela Pierce (Legal Secretary – Melbourne), Paula Orriss (Legal Secretary – Melbourne), Bridget Kaczmarek (Legal Secretary – Sydney), Rosie Battaglini (Junior Secretary – Melbourne).

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Notes for editors.

Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.