Herbert Smith Freehills has advised the financiers on the A$616 million standalone project financing for Tilt Renewables’ 270 MW Snowtown 2 Wind Farm in South Australia.
Snowtown 2 Wind Farm, which was commissioned in October 2014, is the largest wind farm in South Australia and the second largest in Australia, when combined with Snowtown 1 Wind Farm. The combined Snowtown Wind Farm produces enough clean energy to power over 200,000 South Australian homes and saves approximately 600,000 tonnes of carbon dioxide every year.
A syndicate of financiers comprising Australia and New Zealand Banking Group, BNP Paribas, Commonwealth Bank of Australia, Credit Agricole, MUFG Bank, National Australia Bank (which also acted as Agent and Security Trustee), Societe Generale, and Westpac Banking Corporation are providing the finance to the project.
Tilt Renewables Pty Ltd is an Australasian electricity generation company, dual listed on the New Zealand stock exchange and Australian stock exchange.
The Herbert Smith Freehills finance team was led by finance partners Gerard Pike (Picture) and Jon Evans. They were supported by projects partner Alison Dodd, senior associates Caroline Rowe, Jennifer Brightling, and David Ong, solicitors Olivia Mitchell, Ellen Gandy and Will Kennedy, graduate JX Zheng, and paralegal Jana Mavroidakos.
Involved fees earner: Jennifer Brightling – Herbert Smith Freehills; Alison Dodd – Herbert Smith Freehills; Jon Evans – Herbert Smith Freehills; Ellen Gandy – Herbert Smith Freehills; Will Kennedy – Herbert Smith Freehills; Olivia Mitchell – Herbert Smith Freehills; David Ong – Herbert Smith Freehills; Gerard Pike – Herbert Smith Freehills; Caroline Rowe – Herbert Smith Freehills;
Law Firms: Herbert Smith Freehills;
Clients: Australia and New Zealand Banking Group Ltd.; BNP Paribas; Commonwealth Bank of Australia; Credit Agricole; MUFG Bank, Ltd.; National Australia Bank; Société Générale; Westpac Banking Corporation;