Norton Rose Fulbright has supported Shell on the acquisition of its 49 per cent stake in utility scale solar farm developer ESCO Pacific.
The transaction gives Shell an interest in a 1GW project pipeline and constitutes its next step towards becoming a global integrated power business.
Melbourne-based corporate M&A partner Martin Irwin, who led the deal, commented:
"We are delighted to have assisted Shell on this investment. It is a further step not only in evolution of Shell's business in Australia but in the continued transformation of the Australian energy market."
The Norton Rose Fulbright team included co-lead partner Kelly Davies, partners Noni Shannon and Adrian Jones, special counsel Brett Thornton, and associate Ellen Laughton.