White & Case LLP has advised Neoen on the deal.
The transaction involved the development and project financing of the 157 MW Kaban Green Power Hub in Queensland, Australia.
The Project benefits from a 15-year capacity purchase agreement with CleanCo, Queensland’s publicly owned clean energy company. Commercial operation is expected to commence in 2023 with the Project expected to produce 457 GWh of clean energy per annum.
The non-recourse project financing for the Project was provided by a syndicate of five lenders: BNP Paribas, HSBC, MUFG, NAB and NORD/LB.
The White & Case team that advised on the transaction was led by partners Joel Rennie (Picture- Sydney), Ged Cochrane, Adeline Pang and Michelle Keen (all Melbourne), with support from associates Isabella Jarrett and Kian Newlyn (both Sydney) and Chris Settle, David Lagesse, Kevin Chen and Emma Dobb (all Melbourne).
Involved fees earner: Kevin Chen – White & Case; Ged Cochrane – White & Case; Emma Dobb – White & Case; Isabella Jarrett – White & Case; Michelle Keen – White & Case; David Lagesse – White & Case; Kian Newlyn – White & Case; Adeline Pang – White & Case; Joel Rennie – White & Case; Christopher Settle – White & Case;
Law Firms: White & Case;
Clients: Neoen SA;