Herbert Smith Freehills has advised Abu Dhabi Future Energy Company Masdar on its acquisition of a 40% stake in the A$511 million East Rockingham Resource Recovery Facility in Western Australia.
The project, on which construction will start this month, is expected to process 300,000 tonnes of municipal and industrial waste each year to generate approximately 29MW of electricity. In addition to bank debt, the project is supported by funding from the Clean Energy Finance Corporation (CEFC) and Australian Renewable Energy Agency (ARENA).
Masdar, also known as the Abu Dhabi Future Energy Company, is a renewable energy company based in Abu Dhabi, United Arab Emirates.
The Melbourne-based team advising on Masdar’s investment was led by energy, infrastructure and resources executive counsel Neena Aynsley and corporate partner Nick Baker (Picture), supported by solicitor Madeleine Miller. Project financing advice was provided by partner Elizabeth Charlesworth, and partner Daniel Zador and solicitor Sam Edwards advised on projects-related matters. UK and Abu Dhabi General Market advice was provided by corporate partners Gavin Williams and Haitham Hawashin, from the firm’s London and Dubai offices respectively.
Involved fees earner: Neena Aynsley – Herbert Smith Freehills; Nick Baker – Herbert Smith Freehills; Elizabeth Charlesworth – Herbert Smith Freehills; Sam Edwards – Herbert Smith Freehills; Haitham Hawashin – Herbert Smith Freehills; Madeleine Miller – Herbert Smith Freehills; Gavin Williams – Herbert Smith Freehills; Daniel Zador – Herbert Smith Freehills;
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