Allens has advised Intelligent Water Networks on the transaction
In a novel move, IWN has coordinated the incorporation of Zero Emissions Water (ZEW) Limited, on behalf of 13 Victorian water corporations, to enter into a PPA to promote renewable energy generation in Victoria and to help those water corporations meet the Victorian State Government’s target of zero net emissions by 2030.
A joint Corporate and Projects team worked with IWN providing advice around how best to structure the PPA given the large number of water corporations participating in the project, drafting the member’s agreement and then drafting and negotiating the PPA.
The PPA is linked to a portion of Total Eren’s proposed 200MW Kiamal Solar Farm, in north west Victoria and will demonstrate the water corporations’ shared commitment to renewable energy generation and assist them in meeting their emissions reduction obligations set by the Victorian Government.
Allens advised with a team including Anna Collyer (Lead Partner Picture); Danielle Jones and Mohamed Khairat (Energy), Mark Malinas, Geoff Sanders and Jo Ottoway, Michelle Bennett, Elysia Longo,Yin Lim, Tom Lawson (Corporate), Craig Milner, Jennee Chan (Tax), Michael Ryan, Lisa Zhou, and Philip Hilton (Finance), Ted Hill and Darcy McLennan (Competition).
Involved fees earner: Michelle Bennett – Allens; Jennee Chan – Allens; Anna Collyer – Allens; Ted Hill – Allens; Danielle Jones – Allens; Mohamed Khairat – Allens; Elysia Longo – Allens; Mark Malinas – Allens; Darcy McLennan – Allens; Craig Milner – Allens; Jo Ottoway – Allens; Michael Ryan – Allens; Geoff Sanders – Allens; Lisa Zhou – Allens;
Law Firms: Allens;
Clients: Intelligent Water Networks;