Baker McKenzie has successfully acted for leading German renewable energy developer BayWa r.e. in the sale of Victoria’s Karadoc Solar Farm to Atmos Renewables, which is owned by Igneo Infrastructure Partners, a specialist global investment management company with over 25 years’ experience in infrastructure.

Karadoc Solar Farm is a photovoltaic power station 35 kilometers south of Mildura near the town of Iraak in the Australian state of Victoria. It can generate up to 112MWdc of electricity, from 350,000 solar panels across 270 hectares, and can generate energy to power 47,000 homes. It was officially opened in March 2019.

Baker McKenzie Partner Raymond Lou stated: “Our renewable energy team had the privilege of acting on the full project development cycle, having advised BayWa r.e. on its initial acquisition of the development rights for this project in 2017, and now completion of the sale to Atmos Renewables. We look forward to continue advising BayWa r.e. Australia on their development of further solar and wind farm projects in Australia, being a global leader in this critical sector as the world transitions to a carbon neutral future.”

Based in 31 countries, with revenues of almost EUR 6.5 billion, BayWa r.e. is a leading global renewable energy developer, service provider, distributor and energy solutions provider, and is actively shaping the future of energy.

Raymond was supported by a team comprising: Aylin Cunsolo, Charlie Detmold, Tom Henderson, Laura Matson And Rachel McNally.

Baker McKenzie worked together with Lazard Australia, who acted as the financial adviser to BayWa r.e. on the sale.

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