Stanhope Solar Farm’s Project Finance And Development

Thomson Geer has advised Sunbot Technologies and Foresight Group on the deal.

Sunbot Technologies and Foresight Group entered into a two year technology finance and prototype development project with the Stanhope Solar Farm, developed, owned and managed by Providence.

Under the project development agreements, Sunbot will provide Drone Equipment, imported from world leading autonomous robotics and cloud-based reporting services company H3 Dynamics from Singapore, supported locally by UAV Systems Australia. Sunbot will also provide funding assistance to Stanhope solar farm.

In exchange Stanhope solar farm will provide Sunbot with data collection facilities, solar farm operational data and a portfolio of solar farms under construction to conduct prototype testing. This collaboration and synergy are in line with Providence’s digital transformation roadmap on its 40x community based solar and storage projects cross Victoria and NSW regions.

The Thomson Geer team comprised of Partner David Murray-Nobbs (Picture), Partner Simon Ralton and Special Counsel Jonathan Grunstein.

Involved fees earner: Jonathan Grunstein – Thomson Geer ; David Murray-Nobbs – Thomson Geer ; Simon Ralton – Thomson Geer ;

Law Firms: Thomson Geer ;

Clients: Foresight Group;

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Author: Michael Patrini