Hornsdale Wind Farm’s $650 Million Platform Refinancing

Herbert Smith Freehills has advised on the $650 million consolidated platform refinancing of Stages 1, 2 and 3 of the Hornsdale Wind Farm, located about 200km north of Adelaide in South Australia.

The wind farm, which comprises 99 wind turbines with a total capacity of 309MW, was the first multi-staged, separately project-financed wind farm in Australia. All three stages of the project – on which the firm advised in 2015, 2016 and 2017 respectively – are now complete and in operation.

The wind farm is majority owned by French renewable energy producer Neoen Australia, together with leading international infrastructure investor John Laing. Siemens is responsible for providing long-term operation and maintenance services to the project.

The Herbert Smith Freehills teams were led by partners Elizabeth Charlesworth (Picture) and Andrew McLean, with support from senior associate Gabby Herron-Cartwright and solicitors Hiroko Ito, Dave Thomas and Jacinta Dzarir.

Involved fees earner: Elizabeth Charlesworth – Herbert Smith Freehills; Gabby Herron-Cartwright – Herbert Smith Freehills; Hiroko Ito – Herbert Smith Freehills; Andrew McLean – Herbert Smith Freehills; Dave Thomas – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Korea Development Bank; Mizuho Bank; Natixis; Société Générale;

Author: Michael Patrini