Clifford Chance advises Iberdrola on acquisition of 242MW Ararat Wind Farm

Global law firm Clifford Chance has advised Spanish global energy leader, Iberdrola, on its agreement to acquire the 242-megawatt Ararat Wind Farm in Victoria from Partners Group and OPTrust.

An established wind farm, Ararat sells most of its output to large customers with long standing power purchase agreements and is very much part of Victoria's energy strategy.

The transaction reinforces Iberdrola’s commitment to expanding renewable energy in Australia.

Brett Cohen, Partner and Liz Humphry, Partner said: “We are delighted to have supported Iberdrola on this important transaction, which strengthens Australia’s capacity to meet its renewable energy and emissions-reduction targets by adding large-scale, proven renewable assets to the grid.”

Partners Liz Humphry and Brett Cohen led the core deal team, supported by senior associates Luke Crofts and Tash Tourabaly and associates Henry Garing and Laura Montague, alongside a broader team of Clifford Chance specialists across Perth, Sydney and Madrid.

The transaction further demonstrates Clifford Chance’s market-leading expertise in energy and infrastructure M&A, particularly in matters supporting the energy transition. Recent work includes advising Five V Capital on its acquisition of a majority stake in Agile Energy, an Australian provider of solar and battery solutions for commercial and industrial clients, and global investment group La Caisse on its acquisition of Edify Energy.