Allens has advised the financier group on the project financing of CIMIC Group company Pacific Partnerships' Glenrowan Solar Farm in northern Victoria.
The 102 MWac/130MWdc greenfield project is one of six to have been selected through the Second Victorian Renewable Energy Target Auction (VRET2), designed to help meet the Victoria's government's renewable energy targets.
Through its energy business Pacific Partnerships Energy, leading infrastructure developer Pacific Partnerships has initiated the Glenrowan Solar Farm. CIMIC's specialist end-to-end engineering and services provider UGL is responsible for the engineering, procurement, construction and subsequent operations and maintenance.
'We congratulate Pacific Partnerships, the lenders and all involved in this successful VRET2-supported solar farm,' said lead Partner Scott McCoy.
'It is encouraging to see the government's ongoing support for the private sector through VRET2 bringing online more renewable energy and picking up the pace of our energy transition.'
The advice is the latest in a series of renewable energy financings for Allens, with the firm having recently advised on the financing of MacIntyre Wind Farm, the refinancing of Stockyard Hill Wind Farm, the refinancing of the Atmos renewables portfolio and the refinancing of Squadron Energy's renewable portfolio.
