Bulgana Green Power Hub (BGPH)’s A$350 Million Project Financing in Australia

Baker McKenzie advised the financiers on the project financing of the Bulgana Green Power Hub (BGPH) in Victoria, an integrated wind farm and battery storage facility – Neoen’s largest single-stage project in Australia.

Located in Stawell, regional Victoria, the BGPH will comprise a 194 MW wind farm with Siemens-Gamesa wind turbines, combined with a 20 MW / 34 MWh lithium-ion battery provided by Tesla.

The A$350 million project cost will be funded from a combination of equity and long term project financing from KfW IPEX-Bank, Société Générale and Korea Development Bank. The project will provide 100 per cent reliable renewable energy to what will be the largest greenhouse in Australia, to be built by Nectar Farms.

Construction is slated to start in April and the wind farm is expected for delivery in August 2019.

Baker McKenzie advised on the deal with a team led by Energy partner Paul Curnow (picture) and Banking & Finance special counsel David Cooper, assisted by Mike Webb, Dan Middleton, Leanne Olden, Robyn Farrell, Simon Ni, Luis Grech, Miles Hurst, Aylin Cunsolo, Jennifer Hughes, Dora Stilianos, Teresa Ientile, Zoe Hilson and Kate Phillips.

Involved fees earner: Paul Curnow – Baker McKenzie; Aylin Cunsolo – Baker McKenzie; Zoe Hilson – Baker McKenzie; Jennifer Hughes – Baker McKenzie; Kate Phillips – Baker McKenzie; David Cooper – Baker McKenzie; Sean Rush – Baker McKenzie; Mike Webb – Baker McKenzie; Robyn Farrell – Baker McKenzie; Simon Ni – Baker McKenzie; Luis Grech – Baker McKenzie; Teresa Ientile – Baker McKenzie; Daniel Middleton – Baker McKenzie; Leanne Olden – Baker McKenzie; Dora Stilianos – Baker McKenzie; Miles Hurst – Baker McKenzie;

Law Firms: Baker McKenzie;

Clients: KfW IPEX-Bank GmbH; Société Générale; Korea Development Bank;


Author: Michael Patrini