WIRCON GmbH’s Acquisition of Gannawarra Energy Storage System

Norton Rose Fulbright has advised international energy company WIRCON GmbH, owners of Wirsol Energy, on the development and acquisition of the Gannawarra Energy Storage System in the state of Victoria in Australia.

The Gannawarra system is a 25MW / 50MWh Tesla Powerpack battery that will be integrated with the 50MW Gannawarra Solar Farm located near Kerang in north-west Victoria. It will be the first integrated solar and storage project in Victoria, the largest of its kind in Australia, and able to power around 800 homes for 24 hours.

The project was developed by Edify Energy and is jointly owned by Edify Energy and Wirsol Energy.

It is supported by the Victorian Government and independent federal government agency ARENA (or the Australian Renewable Energy Agency). It also features a first-of-a-kind commercial services agreement with EnergyAustralia, the offtaker for the Gannawarra Solar Farm.

WIRCON GmbH develops photovoltaic and wind projects in Germany, England, Ireland, France, the Netherlands, Denmark, Switzerland, and Turkey. The company, led by Peter Vest, is based in Waghäusel.

Norton Rose Fulbright advised with a team including Simon Currie (Picture), Raymond Lou, Claire Forster, Chris Sewry and Tom Bramah

 

Involved fees earner: Simon Currie – Norton Rose Fulbright; Raymond Lou – Norton Rose Fulbright; Claire Forster – Norton Rose Fulbright;

Law Firms: Norton Rose Fulbright;

Clients: WIRCON GmbH ;

 

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Author: Michael Patrini