Herbert Smith Freehills has advised Origin Energy Limited (Origin) on its agreement to sell the 30MW Cullerin Range Wind Farm to EDL Holdings (Australia) Pty Limited (EDL).
Cullerin Range Wind Farm, located 35km west of Goulburn in New South Wales, commenced operations in July 2009 and comprises 15x2MW turbines. The sale of Cullerin Range Wind Farm follows a competitive sale process and is one of a series asset sales announced by Origin.
The Herbert Smith Freehills team was led by partner, David Ryan and Executive Counsel, Peter Davis. The team advised on the due diligence and sale processes, including advising on the long-term Offtake Agreement entered into by Origin and EDL for the wind farm’s output.
Origin’s financial adviser for the sale was Bank of America Merrill Lynch. EDL was advised by Allens.
Herbert Smith Freehills has advised Origin on its previously announced sales of the Mortlake Terminal Station and the Mortlake Pipeline. Herbert Smith Freehills has also acted on a number of other significant recent transactions in the Australian renewable energy industry, including advising: