These organisations were advised on the deal by global law firm Herbert Smith Freehills. Law firm Allens acted as the legal advisor for Acen Australia.
Acen Australia managing director David Pollington hailed the financing, stating that it creates a “robust funding base for the company’s diverse portfolio of wind, solar, pumped hydro and battery storage projects, which includes more than 1,000MW of renewable capacity in operation and under construction, and a further 13GW in development across the National Electricity Market (NEM).”
Additionally, the financing will support the ‘near-complete’ 400MW Stubbo Solar project and the 720MW New England solar PV power plant in New South Wales. The New England plant, which is divided into two stages, saw its first stage operational in March 2023.
The second stage of the New England plant involves the construction of a co-located 400MWh battery energy storage system…
