Finlaysons advises Nexif Energy on the development of Lincoln Gap wind farm in South Australia
Finlaysons, together with Herbert Smith Freehills, has advised Nexif Energy on the development of the $300 million first stage of the Lincoln Gap wind farm in South Australia. Nexif Energy was established by Nexif, a Singapore based independent power management company and Denham Capital, a leading global energy focused private equity firm.
Lincoln Gap wind farm is located 15km west of Port Augusta and will comprise 59 wind turbines with total capacity of 212MW when complete. The first stage consists of 35 Senvion wind turbines and includes a utility scale 10 MW battery storage. Underpinning the announcement is an agreement with the Clean Energy Finance Corporation (CEFC) and Investec to provide debt finance and working capital facilities totalling $190 million. The wind farm is also supported by off take arrangements with ERM Power and Snowy Hydro.
Finlaysons, together with Herbert Smith Freehills, advised on all South Australian aspects of the project including land tenure and due diligence, native title, grid connection, licensing and compliance.
The Finlaysons team was led by Gavin Cragg (partner, property & infrastructure) and supported by special counsel Ryan Williams (property & infrastructure) and Kyra Reznikov (environment & planning), consultant, George McKenzie (resources & native title), Jeremy Schultz (partner, corporate & energy), associate Jane Welsh (resources & native title) and solicitor Alicia Jennison (corporate & energy).
This deal is another example of Finlaysons being a leading advisor and a law firm of choice in the renewable energy sector. We have worked on many large, medium and small scale developments, successfully advising clients on and negotiating documentation for projects from their inception through to development and expansion including:
· Advising and assisting with the development of South Australia’s first private wind farm at Lake Bonney;
· Providing ‘whole of life’ advice on all aspects of the Snowtown Wind Farm Stages 1 and 2;
· Acting for clients in the hybrid and solar generation industries and in relation to energy storage systems;
· Advising retail energy participants on requirements underpinning the Renewable Energy Target.
We have been delighted to assist and advise Nexif Energy with the Lincoln Gap Wind Farm Project and to work again with Herbert Smith Freehills in advising Nexif Energy on this project. We look forward to continuing our successful relationship.
This Alert is intended as an alert only. It does not purport to be comprehensive advice. Readers should seek professional advice before acting in relation to these matters.