Neoen’s Victorian Big Battery Development and Project Financing

White & Case LLP advised Neoen on the development and project financing of the 300 MW / 450 MWh Victorian Big Battery in Victoria, Australia.

Due to be completed in late 2021, the Victorian Big Battery will surpass Neoen’s Hornsdale Power Reserve as the largest battery in Australia, and will be one of the largest in the world. 

Supported by a 250MW grid services contract with the Australian Energy Market Operator, the battery will be located next to the Moorabool Terminal Station near Geelong in Victoria. 

The non-recourse project financing for the battery was provided by the Clean Energy Finance Corporation (CEFC). 

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 Melbourne that advised Neoen on the transaction was led by partners Ged Cochrane (Picture), Adeline Pang and Michelle Keen with support from associates Paul Marshall, Suzie Porritt, Chenez Dyer Bray, Emma Dobb, Ned Simpson, David Lagesse, Michael Li and Kirsten Sugden. King & Wood Mallesons advised the CEFC. 

Involved fees earner: Ged Cochrane – White & Case; Emma Dobb – White & Case; Chenez Dyer Bray – White & Case; Michelle Keen – White & Case; Paul Marshall – White & Case; Adeline Pang – White & Case; Suzie Porritt – White & Case; Ned Simpson – White & Case; Kirsten Sugden – White & Case;

Law Firms: White & Case;

Clients: Neoen SA;

Sonia Carcano

Author: Sonia Carcano