Allens has advised the lender group on the project financing of ENGIE ANZ's Goorambat East Solar Farm in Victoria, a significant renewable energy initiative that at its maximum capacity could generate enough electricity to power the equivalent of 105,000 average Victorian homes.
The Goorambat East Solar Farm will have more than 500,000 solar photovoltaic panels and is expected to deliver a capacity of 250 MW upon completion in 2026. The project will also generate significant economic and environmental benefits for regional Victoria, providing approximately 250 new jobs during the construction phase.
'We are pleased to have supported the lender group in relation to the financing of ENGIE's project, which will significantly contribute to Victoria's renewable energy capacity,' said Partner and Head of Project Finance, Michael Ryan.
'Our involvement in this transaction underscores our deep expertise in the renewable energy sector and our commitment to facilitating projects that deliver economic and environmental benefits. We look forward to continuing our work in this critical area, helping to drive the energy transition.'
Allens advised the lenders on all aspects of the project financing, including bankability aspects of the transaction and debt documents.
The advice is the latest in a series of renewable energy financings for Allens, with the firm having recently advised on the refinancing of Fotowatio Renewable Ventures Australia's renewable energy portfolio and Akaysha Energy on the world's largest BESS financing.
