Global law firm White & Case LLP has advised Octopus Australia on its acquisition from RES of the Dulacca Wind Farm in Queensland, Australia.
"The Dulacca Wind Farm is Octopus Australia's first wind farm in Australia and the largest in the Octopus Group's portfolio," said White & Case partner Ged Cochrane, who co-led the Firm's deal team. "The transaction saw equity completion occur at the same time as financial close, which required a multi-disciplinary team across M&A, debt and construction to support Octopus on its acquisition. This is an important project which will make a significant contribution to the Queensland Government's target of 50 percent renewables by 2030."
The Dulacca Wind Farm is located in the Western Downs Region of Queensland approximately 250 km west of Toowoomba. Supported by a long-term Power Purchase Agreement with the Queensland Government owned CleanCo, the project will comprise 43 wind turbines and produce 180 MW of clean renewable power.
"There continues to be significant demand for high quality renewable energy projects in Australia as the energy transition story continues to gain momentum here," said White & Case partner Adeline Pang, who co-led the Firm's deal team. "This is the latest in a number of large clean renewable power projects in Australia that White & Case has advised on."
The White & Case team in Melbourne which advised on the transaction was led by partners Ged Cochrane and Adeline Pang, with support from counsel Andrea Reeves and associates Kirsty Campbell, Olivia Yan, Seamus Herrick, Barnaby Matthews, David Lagesse, Emma Dobb, Chenez Dyer Bray, Dion English, Courtney White and Meryl Liew.
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