Candice Ota

Counsel, Melbourne

Biography

Overview

Candice advises on the development, financing and acquisition of projects in the oil and gas, mining and metals, infrastructure and power (including renewable) sectors.

Through working at top firms in New York, Sydney and Melbourne, Candice has represented  project sponsors, lenders and borrowers in respect of large and complex projects located in Africa, Australia, Latin America and the USA, often with multi-sourced financing arrangements.

In addition Candice advises developers, lenders, asset owners, hedge funds and private equity funds involved in the energy and infrastructure sectors on the development, financing, acquisition, disposition and transmission projects as well as other energy and infrastructure projects.

Based in the Melbourne office, Candice is a Counsel in the Firm's Project Development and Finance Group, a global team dedicated to providing business and strategic advice to clients regarding financing transactions, which enable the completion of major projects.

Bars and Courts
Supreme Court of Victoria
New York State Bar
Education
LLB (Hons)
Monash University
BA
Monash University
Languages
English

Experience

Project financing of the Winton Solar Farm
Advising the borrower on all aspects of the 106MW Winton Solar Project, located in Victoria, Australia.

Project financing of the Goonumbla Solar Farm
Advising the borrower on all aspects of the 84MW Goonumbla Solar Project, located in New South Wales, Australia.

Project financing of the Yunlin Offshore Wind Farm
Representing the financiers and ECAs on the NT$90 billion project financing of the 640MW Yunlin Offshore Wind in Taiwan. This is the largest wind farm developed in Asia Pacific to date and has been awarded PFI International’s “Project Finance Deal of the Year” 2019.

Project financing of the Changfang and Xidao Offshore Wind Farm
Representing Copenhagen Infrastructure Partners on the development and project financing of the 600 MW Changfang and Xidao Offshore Wind Project in Taiwan.

Refinancing of the Crookwell 2 Wind Farm
Representing the lenders on the refinancing of the 91 MW Crookwell 2 Wind Farm located in New South Wales, Australia.

Power facility project bonds
Representing the investors in a US private placement in respect of a power facility located in Brazil.

Corporate financing for Engie and Mitsui
Representing International Power (Australia) Holdings and its related bodies corporate, owned by Engie and Mitsui & Co, in respect of a A$368 million corporate financing of its power assets in Australia.

CELSE LNG-to-power project
Representing Goldman Sachs, IDB Invest and IFC in connection with the structuring of the financing for the design, construction, and operation of a 1,516 MW thermoelectric power plant and related LNG receiving and gas transportation infrastructure in the State of Sergipe, Brazil. Goldman served as global coordinator, sole book-running manager and sole initial purchaser in the offering by a Luxembourg special purpose vehicle of R$3.2 million 9.850% senior secured notes due 2032, and as sole syndication agent, sole lead arranger, sole lead bookrunner and lender in connection with a loan of R$168.5 million to the Lux SPV. The Lux SPV used the proceeds from the notes and the loan to purchase R$3.37 zero withholding tax Brazilian debentures, which were issued by CELSE - Centrais Elétricas de Sergipe S.A., which also received committed loans from IDB Invest and IFC. Swiss Export Risk Insurance insured 95% of the payment obligations by CELSE under the Brazilian Debentures.