Global law firm White & Case LLP has advised Fotowatio Renewable Ventures (FRV) on the sale of 49 per cent of FRV Australia to Canadian pension fund OMERS.
"This is a significant transaction for FRV," said White & Case partner Brendan Quinn, Head of Project Finance in Asia-Pacific, who co-led the Firm's deal team. "The transaction will further support FRV in continuing to grow its Australian portfolio and invest in new technologies."
OMERS Infrastructure will acquire a 49 percent interest in FRV's Australian renewable energy platform, including 637 MWDC of six operational and under construction solar PV assets and a development pipeline comprising of approximately 2.7GWDC of solar PV projects and approximately 1.3GWh of Battery Energy Storage Systems assets.
"The investment by OMERS is a strong endorsement of the Australian renewable energy market" said White & Case partner Chris Flynn who co-led the Firm's deal team. "Australia's renewable energy market continues to attract international capital."
The White & Case team in Australia that advised on the transaction was led by partners Brendan Quinn, Nirangjan Nagarajah (both Melbourne) and Chris Flynn (Sydney), and included partner Candice Ota (Melbourne), local partner Mark Montag (Sydney), counsel Andrea Reeves (Melbourne) and associates Girish Rao (Melbourne), Mavis Loke and Tom Hannah (both Sydney).
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