Herbert Smith Freehills Kramer (HSF Kramer) has advised the SEC Victoria (SEC), on the acquisition and development of the Delburn Wind Farm (205 MW capacity) just south of the Latrobe Valley in Gippsland (the Project).
SEC acquired 100% of the Delburn Wind Farm. The transaction is market-leading, with SEC to deliver Victoria's first publicly owned, utility-scale wind generation project.
The 33-turbine wind farm is expected to be in operation in 2028 and will generate up to 205 megawatts of renewable energy to the electricity grid, enough to power more than 130,000 homes.
Projects and energy partner, Alison Dodd, said "it was great to work with SEC on the development of this key project for Victoria's transition. This is the first wind farm to reach financial close in Victoria in the last year - bringing diversity of generation as Victoria moves to replace retiring coal generation."
Corporate energy partner, Neena Aynsley, on the matter, added, "this is a landmark transaction for Victoria's energy transition, with public policy and M&A strategy converging to deliver critical renewable energy infrastructure. We are proud to have provided SEC with end-to-end support across all aspects of this important project."
The advice was led by HSF Kramer's Projects, Energy & Infrastructure team, including partners Alison Dodd, Neena Aynsley and Anthony Ellis. They were supported by executive counsels Abbie Pokorny, Chevi Levin and Skye Kirby, senior associates Alyce Rae and Paul Tamburro, solicitors Yonnie Lipshatz and Elizabeth Papapetrou and graduates Oanh Le and Angela Liu.
This deal is another example of HSF Kramer's market-leading work in the renewable energy sector in the region. Other recent examples in these sectors include our firm advising:
- Chow Tai Fook Enterprises on the $6.5 billion sale of Alinta Energy to Sembcorp.
- AGL on the development of the 500 MW / 2,000 MWh Tomago BESS in the Hunter region of NSW.
- EnergyAustralia on its development of the 350 MW / 1400 MWh Wooreen Battery Energy Storage System in the Latrobe Valley, Victoria.
- HMC Capital Limited on its acquisition of Neoen's Victorian renewable generation and storage portfolio for $950 million.
- Squadron Energy on its $1 billion facility for the 450MW Clarke Creek wind farm in Queensland.
- Tilt Renewables on its $2.25 billion corporate portfolio financing.
- Marinus Link on its $3.8 billion project financing and procurement of Stage One of the Marinus Link interconnector project.