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:
- Santander on the sale of the Taralga Wind Farm in New South Wales;
- IFM Investors on the sale of the Pacific Hydro business;
- SunEdison on the sale of the Karratha solar project and the Mt Majura solar project;
- The financiers and Neoen on the development and financing of the Hornsdale 1 and Hornsdale 2 wind farm projects;
- RES on the development, equity sell down and project financing of the Ararat wind farm project;
- Infrastructure Capital Group on the refinancing of the Hallett 2 wind farm; and
- Marubeni on the sale of its interest in the Hallett 4 wind farm.