Cameron Watson

Partner, Sydney

Biography

Overview

Cameron is a partner in the Firm's Sydney office and a member of the Firm's Project Development and Finance Group.

Cameron advises on the financing and acquisition of major energy and infrastructure projects. He acts for project sponsors, lenders and borrowers, developing financing arrangements to suit each client's needs, guiding them through the complex stages of each transaction while focusing on outcomes which benefit them in both the short and long-term.

He has worked on transactions across the globe, including Australia and New Zealand, Asia, North America and South America.

Cameron is admitted to practice and has practiced at leading firms in Australia, New Zealand and New York.

Bars and Courts
New South Wales
High Court of Australia
New York
Education
LLB
University of Canterbury
New Zealand
BCom
University of Canterbury
New Zealand
Level I of the Chartered Financial Analyst (CFA) Program
Languages
English

Experience

Renewable Energy

  • The lenders to Lightsource bp on the green portfolio project financing of two greenfield solar projects in Australia: the 425MWdc Wellington North Solar Farm in New South Wales and the 90MWdc Wunghnu Solar Farm located in Victoria.
  • The lenders on the portfolio project financing of two Lightsource bp greenfield solar farm projects in Australia: the 214MW Woolooga Solar Farm in Queensland, Australia, and the 107MW West Wyalong Solar Farm in New South Wales, Australia.
  • The lenders on the project financing of Sojitz and ENEOS' first solar project in Australia, the 204MW Edenvale Solar Farm in Queensland, Australia, one of the largest solar projects to be undertaken by a Japanese company in the country.
  • Hana Financial Investment on the acquisition, development and project financing of the 162 MW Columboola Solar Farm, the first greenfield renewables project to be developed by a Korean investor in a developed overseas market that has been successfully project financed by international financiers.
  • Senior lenders on the project financing of the 200MW Wellington Solar Farm, the first solar farm to install bifacial solar panels at scale in Australia.
  • Senior lenders on the project financing of the 20MW Royalla Solar Farm, the first project financed solar farm in Australia.
  • FRV in relation to the first project financed solar project in Queensland and the first solar project to be project financed in the Australian market without government subsidiaries or support, the Clare Solar Farm.
  • FRV in relation to the financing of the 70MW Moree Solar Farm. This was the first merchant project financed solar farm in Australia and the first solar project to utilise CEFC and ARENA support. This project was named IJ Global's 2014 ‘Asia Pacific Solar Transaction of the Year’.
  • ARENA on the financing of the 25MW Barcaldine Solar Farm. This project was the only large-scale merchant solar farm to be project financed in Australia in 2015.
  • FRV on the first project-financed solar project to be financed utilising a Queensland government offtake, the Lilyvale Solar Farm.
  • Energy Development Corporation in relation to the US$315 million ECA-backed financing and development of the 150MW Burgos Wind Farm in the Philippines. This project was awarded ‘Renewables Deal of the Year' by PFI.
  • Pacific Hydro and SN Power on the La Higuera Hydro Power Project and Chacayes Hydro Power Project in Chile.
  • The outgoing financiers in relation to the Pelican Point Power Station and the Canunda Wind Farm in South Australia.

Thermal Power

  • The financiers on the restructure of the Muja A&B Power Station in Western Australia.
  • Millmerran Power Partners on the refinancing of the Millmerran Power Station in Queensland.

Infrastructure and PPP

  • The lenders to Reliance Rail Pty Ltd, a PPP with the NSW Government, on the $1.8 billion, 21-year Green Sustainability-Linked Loan (GSLL) to fully refinance its existing debt facilities.
  • The lenders to Plenary on the unsuccessful bid for Frankston Hospital PPP.
  • The lenders to the Plenary Health consortium in relation to its successful bid for and on all aspects of the project financing of the $1.5 billion New Footscray Hospital PPP in Victoria.
  • A consortium on its bid to acquire The Partnerships Victoria Ararat Prison from the Aegis Correctional Partnership in Victoria.
  • The TESA Education consortium (DIF, Tetris Capital and Sarah Construction) on its successful bid for the $469.4 million SA Schools II PPP Project in South Australia.
  • The lenders to the DIF, Multiplex, Compass Group and Brookfield Financial consortium in relation to the $415 million Karratha Workers’ Accommodation Project in Karratha, Western Australia.
  • The Assure Partners consortium (Capella Capital, John Holland, Pindan Contracting and Honeywell) in relation to its successful bid for the $250 million Eastern Goldfields Regional Prison PPP in Kalgoorlie, Western Australia.
  • The Aegis Correctional Partnership (Bilfinger Berger, Commonwealth Bank, St Hilliers Contracting, Hawkins Construction and Programmed Facility Management) in relation to its successful bid for The Partnerships Victoria Ararat Prison in Victoria.
  • The GLM (Leighton, G4S, and Mainzeal) consortium in relation to its bid for the development of the 900 bed Wiri Prison Project PPP (including correctional services) in New Zealand.
  • The successful NSW Ports consortium on its acquisition of the Port of Botany and Port Kembla in New South Wales for $5.07 billion. This transaction was awarded Best M&A Deal of the Year at the ASIA MONEY Awards 2013, Asia Pacific Transport Deal of the Year at the PFI Awards 2013, Best M&A Deal and Best Project Finance Deal at FinanceAsia’s 2013 Achievement Awards – Australia and New Zealand.
  • NSW Ports on multiple refinancings of its acquisition debt, including US PP issuance.
  • The successful Lonsdale consortium in relation to its acquisition of the Port of Melbourne in Victoria for $9.7 billion.
  • The financiers to the Qtectic Consortium (Bombardier Transportation, John Laing, Itochu and Aberdeen Infrastructure Investments Limited) in relation to its successful bid for the Queensland New Generation Rolling Stock Project.
  • The secured creditors in relation to the restructuring and refinancing of the Reliance Rail PPP in New South Wales.
  • A consortium in relation to its bid for the the 23km North West Rail Link PPP in New South Wales.
  • Transurban in relation to its market-led proposal to the Victorian Government to build the $6.7 billion West Gate Tunnel Project in Victoria.
  • A consortium in relation to its bid for the Indiana Toll Road in Indiana, United States.
  • A consortium on its bid for New South Wales transmission grid owner TransGrid.
  • The Exemplar Health Consortium (Capella Capital, Lend Lease, Siemens, Spotless) in relation to its successful bid for the $630 million Bendigo Hospital PPP in Victoria.
  • The West Australian government in relation to the $1.2 billion Perth Stadium (Optus Stadium) PPP in Western Australia.

Oil and Gas

  • The export credit agencies and financiers in the US$20 billion project financing of the lchthys LNG Project. This transaction was awarded Deal of the Year at the Project Finance International Awards 2012, Energy & Resources Deal of the Year and Project Finance Deal of the Year at the ALB Australasian Law Awards 2013, Project Finance Deal of the Year 2013 at the Australian Financial Review’s CFO Awards 2013 and Best Project Financing Deal of the Year at the ASIA MONEY Awards 2013.
  • The financiers in relation to multiple refinancings of the SEAGas Pipeline in South Australia.

Acquisition and Corporate Finance

  • The financiers to SEA Gas Mortlake in relation to its acquisition of the Mortlake Pipeline in Victoria from Origin.
  • Energy Developments Limited on the global refinancing of its portfolio of projects.
  • Infrastructure Capital Group in relation to loan facilities for the Energy Infrastructure Trust and Diversified Infrastructure Trust.
  • Macquarie Capital and a special-purpose vehicle in relation to the establishment of an investment corporation structure for making infrastructure investments in Latin America.
  • Equiinvest, a Spanish entity, on its debt and equity investment in a portfolio of renewable assets in the United States of America.
Publications

Footscray – Renewing the Peoples Hospital, Project Finance International, September 2021