Global law firm White & Case LLP has advised Malaysian independent power producer Malakoff Corporation Berhad (Malakoff) on the AUD$500 million refinancing of its 50 percent interest in the 420MW Macarthur Wind Farm in Victoria, Australia, with a lender group comprising BNP Paribas, Société Générale, Mizuho, Black Rock, OCBC and ING.
"The Australian renewables market is continuing to attract strong interest from international lenders and developers in what continues to be a highly liquid market for capital," said White & Case partner Joel Rennie, who led the Firm's deal team. "This particular cross-border transaction involved multiple parties across multiple jurisdictions which relied on our experience in the Australian renewables sector to get the deal done."
The Macarthur Wind Farm is the largest operational wind farm in the Southern Hemisphere, providing enough renewable energy to power approximately 154,000 average Australian homes. Members of the White & Case team were involved in the initial acquisition financing of Malakoff's 50 percent interest in the wind farm in 2013.
The White & Case team in Australia which advised on the transaction was led by partner Joel Rennie with support from associates Isabella Jarrett and Lachlan Barth.
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