12 August 2020
Clifford Chance advises Partners Group on AU$180 million investment in Victoria's Murra Warra Wind Farm
Leading international law firm Clifford Chance has advised global private markets investment manager Partners Group on its AU$180 million acquisition of the second stage of Murra Warra Wind Farm (Murra Warra II) in Victoria, Australia, on behalf of its clients.
The construction of Murra Warra II is expected to complete in mid-2022 and will comprise 38 GE Cypress 5.5MW turbines with a total nameplate capacity of 209MW. It is expected to produce enough energy to power 150,000 Australian households and offset 468,000 tonnes of carbon emissions every year.
A long-term power purchase agreement between the project and electricity generator and retailer Snowy Hydro has been agreed to for 100% of the capacity. The wind farm is expected to create more than 400 jobs during construction and continues Partners Group's strong investment history in the Australian renewable energy space.
Partners Andrew Crook, Nadia Kalic and Chad Bochan advised on the deal, and were supported by senior associate Dean Bao, and associates Jenny Han, Dale Straughen and Lachlan Conroy.
Andrew said, "The completion of this transaction is testament to our market-leading expertise in renewable energy and our long-standing and valued relationship with Partners Group."
Clifford Chance regularly advises on market-leading renewables transactions in Asia Pacific. The firm recently advised Partners Group on the establishment of its AU$700 million Grassroots Renewable Energy Platform, its 100% acquisition and AU$200 million equity investment in the 226MW Murra Warra Wind Farm (Stage 1) project and its AU$500 million investment in the 244MW Bango Wind Farm.