Neoen’s 460MW Solar Farm in Australia Development and Project Financing

White & Case LLP advised Neoen on the deal.

Neoen executed the development and project financing of the 460MWDC Western Downs Green Power Hub in south east Queensland, Australia which, when completed, will be Australia’s largest solar farm with the capacity to power 235,000 homes.

The western Downs Green Power Hub is supported by a long term Power Purchase Agreement from CleanCo, a Queensland Government-owned renewable energy company.

The non-recourse project financing was provided by Natixis, Société Générale, Sumitomo Mitsui Banking Corporation, MUFG Bank, Nord/LB, HSBC and Commonwealth Bank of Australia.

Founded in 2008, Neoen is the leading French independent producer of renewable energy and a major player on the world stage. Neoen is a specialist, independent power producer with a long-term vision that translates into a strategy to produce renewable, competitively-priced energy, sustainably and on a large scale.

The White & Case team in Australia that advised Neoen on the transaction was led by partners Ged Cochrane, Adeline Pang and Michelle Keen (all Melbourne) with support from associates Paul Marshall, Ostiane Goh-Livorness, Emma Dobb, Chenez Dyer Bray, Lia Adalia, David Lagesse and Kirsty Campbell (all Melbourne). The lenders were advised by King & Wood Mallesons.

Involved fees earner: Maria Adalia – White & Case; Kirsty Campbell – White & Case; Ged Cochrane – White & Case; Emma Dobb – White & Case; Chenez Dyer Bray – White & Case; Ostiane Goh-Livorness – White & Case; Michelle Keen – White & Case; Paul Marshall – White & Case; Adeline Pang – White & Case;

Law Firms: White & Case;

Clients: Neoen SA;

Author: Michael Patrini