Green Light from ARENA/ CEFC Regarding Dubbo, Parkes and Griffith
Baker McKenzie are sponsor counsel for Neoen, a French renewable energy company, on three solar projects, located in Dubbo, Parkes and Griffith, worth $230 million in total.
These projects are the first of 12 approved grant applications to reach financial close as part of the Australian Renewable Energy Agency grant funding under its large scale solar program and included a project financing component from the Clean Energy Finance Corporation.
Baker McKenzie lead partner on these projects, Paul Curnow and the firm's head of the Asia Pacific Renewable Energy and Clean Technology practice stated: "We were delighted to act as sponsor counsel for Neoen Australia on the project and debt financing for the development of the Parkes, Griffith and Dubbo solar projects in New South Wales. To be one of the first of 12 approved grant applications to reach financial close is very pleasing for both us and our client.
According to press reports, these projects will deliver 110 megawatts of solar capacity in the state which is more than half currently produced.
Paul was assisted by a Baker McKenzie team comprising: Sean Rush, John Walker, Kate Jefferson, Kate Phillips, Ilona Millar, Ana Gomiero-Guthrie, Lachlan Tait, David Cooper and Miles Hurst.