G+T has advised integrated energy business Alinta Energy on the $A366 million syndicated debt financing to fund a 214 megawatt wind farm in the mid-west of Western Australia. This is Alinta’s first direct commitment to building renewable energy generation facilities, alongside supporting 10 other renewables projects through offtake agreements.
The 214-megawatt Yandin Wind Farm will comprise 51 wind turbines, each of 4.2 MW capacity, with the ability to power as many as 200,000 households a year, making it the largest wind farm in Western Australia.
G+T acted for Alinta in negotiating with a syndicate of lenders, including ABN Amro, BNP Paribas, ING, OCBC, Societe Generale and Standard Chartered, in connection with the WA wind farm financing.
This deal cements G+T’s place as a leader in the renewables sector, advising on the most complex infrastructure finance transactions out of Australia. G+T’s deal team also provided assistance on the broader project components of the project with its cross-practice collaboration ensuring the greatest value and efficiency was delivered for Alinta, and bringing synergies to execution.
The G+T team was led by Banking + Infrastructure Partner John Schembri, supported by special counsel Caroline Mathie, lawyers Stuart Cormack and Brent Thompson and graduate lawyers Ginia Kouznetsova and Annabel Kirkby. G+T Real Estate + Projects partners Claire Boyd and Amanda Hempel advised on the property and infrastructure development aspects on the deal, supported by lawyer John Larbalestier and graduate lawyer Giorgia Fraser.
Gilbert + Tobin’s Banking + Infrastructure team is recognised in the leading legal directories, including most recently being ranked at Band 1 for Banking and Finance – Acquisition Finance by Chambers Asia-Pacific 2019 and Tier 1 for Restructuring + Insolvency by Legal 500. In the IFLR1000 Specialists Guide 2019, G+T are recognised for work in Unitranche financings, the only Australian firm to be recognised. G+T has significant experience advising leading Australian and international financial institutions, investment banks, corporations and private equity funds. We act for lenders, borrowers, sponsors and consortia on a range of issues from high-value corporate transactions to complex restructuring projects.