Finley Solar Farm’s A$250 Million Development and Project Finance

White & Case LLP has advised ESCO Pacific (ESCO) on the development, equity sale and $A250 million project financing of the Finley Solar Farm, a 175 MW facility to be constructed near Finley in New South Wales, Australia.

Finley Solar Farm is supported by the largest corporate solar offtake agreement in Australia, a seven-year Power Purchase Agreement (PPA) with Bluescope. BlueScope has contracted for 66 percent of the output of the Finley Solar Farm including Large-scale Generation Certificates. Upon completion, the project is expected to generate sufficient electricity to power 60,000 homes and significant cost savings for Bluescope’s operations.

The White & Case advised with a team including Adeline Pang (Picture) and Ged Cochrane, and included partner Michelle Keen and associates Paul Marshall, Kirsty Campbell, Christina Koravos, Sarah Oh, Kirsten Sugden, Nick Crawford, Emma Jakeman, Barnaby Matthews and Alena Kosmin.

Involved fees earner: Kirsty Campbell – White & Case; Ged Cochrane – White & Case; Emma Jakeman – White & Case; Michelle Keen – White & Case; Christina Koravos – White & Case; Alena Kosmin – White & Case; Paul Marshall – White & Case; Barnaby Matthews – White & Case; Sarah Oh – White & Case; Adeline Pang – White & Case;

Law Firms: White & Case;

Clients: ESCO Corporation;