Providence Asset Group’s A$33 Million Portfolio Project Financing

Herbert Smith Freehills has advised Providence Asset Group on the deal.

Providence Asset Group provided a A$33 million portfolio project financing of its Northern Central Victoria Solar Portfolio, a collection of ten sub-5MW grid-connected community solar farms located in Northern and Central Victoria (the Financing). 
The Financing was provided by Commonwealth Bank of Australia (CBA).

Each of the ten Financed projects are operational and grid-connected, and together generate enough solar energy to power approximately 20,000 Victorian households each year.

The Herbert Smith Freehills team was led by partner Gerard Pike (Picture), with the support of senior associate Caroline Rowe, solicitors Jana Mavroidakos and Sarala Baskaran, and graduate Nick Gillies.

Involved fees earner: Sarala Baskaran – Herbert Smith Freehills; Gerard Pike – Herbert Smith Freehills; Caroline Rowe – Herbert Smith Freehills;

Law Firms: Herbert Smith Freehills;

Clients: Providence Asset Group;

Author: Giulia Di Palma