Allens advises on Beryl Solar Farm financing and development
21 May 2018
Allens has advised First Solar on the financing of its 87 megawatt Beryl Solar Farm development. Allens also advised First Solar on the engineering, procurement and construction; operations and maintenance; and power purchasing arrangements for the project.
The Beryl Solar Farm, to be located outside Gulgong, NSW, is one of a number of solar assets that First Solar is currently developing, including the Manildra Solar Farm which is near completion.
The Beryl Solar Farm development will use 260,000 First Solar thin film photovoltaic modules to produce enough solar energy to power 28,000 average NSW homes. Its carbon dioxide displacement is the equivalent of removing 49,000 cars from the road.
The project will also generate significant economic and environmental benefits for regional NSW, providing approximately 150 jobs during peak construction and ongoing full time positions.
'We're pleased to have continued our work with First Solar to progress this landmark clean energy development,' said finance Partner Tim Stewart (view CV).
'As legal advisers on renewable energy projects across Australia, we're delighted to see the industry going from strength to strength as a viable energy source and a significant contributor to the economy,' said projects Partner Kate Axup (view CV).
Allens has advised extensively on renewable energy projects across Australia including on major developments such as Manildra Solar Farm, Cattle Hill Wind Farm and the establishment of and sale of assets into AGL's Powering Australian Renewable Fund.
|Allens legal team||Finance: Tim Stewart (Partner), Nick Swart (Associate), Andrew Mon (Law Graduate)
Power Purchase Agreement: Kate Axup (Partner), Danielle Jones (Senior Associate)
EPC and O&M Arrangements: David Donnelly (Partner), Tristan Iredell (Managing 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.