Global law firm White & Case LLP has advised Neoen on the development and project financing of the 189MWp Coleambally Solar Farm in New South Wales.
"It was remarkable that Neoen was able to achieve financial close in less than a year from initial site selection; the largest financing of a solar farm in NSW, and Neoen's largest solar farm in Australia to date," said White & Case partner Ged Cochrane, who led the Firm's deal team. "We continue to support Neoen in delivering innovative, emissions-free renewable energy projects throughout Australia."
Financed by the Clean Energy Finance Corporation, NORD/LB and KfW IPEX-Bank, the project achieved financial close on 21 December, 2017. When complete, the Coleambally Solar Farm will connect to the national electricity grid and generate enough power to supply approximately 50,000 homes.
The White & Case team in Melbourne was co-led by partners Ged Cochrane and Adeline Pang, supported by partner Michelle Keen, counsel Anna O'Reilly and associates Kirsty Campbell, Paul Marshall, Alexis Fong, Barnaby Matthews and Toby Breheny.
Ironstone Capital was the financial advisor and Clifford Chance advised the lenders.
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