Baker & McKenzie has assisted Sydney Renewable Power Company Limited (SRPC) in its initial public offering of shares. SRPC has constructed Australia's largest CBD solar installation and its located on top of the new International Convention Centre (ICC) in Darling Harbour. It covers the equivalent of 12 tennis courts in size and is expected to generate enough electricity to power approximately 100 homes each year.
Lead partner on the transaction, Craig Andrade stated: "We were delighted to act for our client on such an important renewable energy project. A fundamental guiding philosophy of our client's volunteer Board has been to create an opportunity for the community to invest in solar projects that help the Australian economy transation away from an economy that is powered by fossil fuels. The project allows apartment dwellers who otherwise can't put solar panels on their roof to invest directly in solar."
Craig was assisted by Baker & McKenzie senior associate, Hoda Nahlous.