Allens has advised Energy Developments Pty Limited (EDL) on its purchase of the 30MW Cullerin Range wind farm for $72 million from Origin Energy Limited.
EDL is an international provider of low greenhouse gas emissions energy and remote energy solutions. Its purchase of Cullerin is a strategic fit and complements its existing portfolio of distributed generation assets across New South Wales and the Australian Capital Territory.
Commenting on the matter, lead partner Kate Axup said the project was a great one for Allens' renewables team.
'Working with the EDL team on the acquisition of Cullerin involved tight project management and a multi-disciplinary team able to provide advice across all legal due diligence areas, the sale agreement, tax implications and the Origin offtake arrangements,' Kate said.
'It is exciting to work with a business committed to growing in the mid-scale, grid connected renewable sector.'
Under the terms of the transaction, Origin has entered into a long-term offtake agreement with Cullerin.
Cullerin is located near Gunning in NSW and has 15 turbines.
Allens legal team
Lead Partner, Kate Axup, Energy, Resources and Infrastructure; Wendy Rae, Partner Corporate; Adrian Chek, Partner Tax; Alan Maxton, Partner Banking & Finance; Michael Graves, Partner Real Estate; Michelle Bennett, Managing Associate Corporate; Chris Patten, Managing Associate Banking & Finance; Emily Gerrard, Senior Associate ERI; Danielle Jones, Associate; Lauren McInnes, Associate.
Notes for editors.
Allens is a commercial law firm working throughout Australia and Asia. Through its integrated alliance with Linklaters it provides clients access to 40 offices in 28 countries around the world.