HSF advises on financing of $300m Tasmanian wind farm

by Sol Dolor03 Apr 2019

Herbert Smith Freehills (HSF) has helped close the financing package for the Cattle Hill Wind Farm.

The global firm advises PowerChina and Goldwind, the sponsors of the project located on the eastern shore of Lake Echo in central Tasmania. The project, which consists of 48 Goldwind turbines that can produce up to 150MW of clean energy, is being built with an investment of $300m.

Construction is underway and the wind farm is expected to come online later this year, HSF said.

The firm’s deal team was led by partners Gerard Pike, Jon Evans, Toby Anderson and Alison Dodd. Support was provided by senior associates David Ong and Caroline Rowe, and solicitors Dinisi Sirimanne and Beryl Yan.

Industrial and Commercial Bank of China, Australia and New Zealand Banking Group, and Westpac Banking Corporation – each designated as lead arranger – formed the financing-bank group. KPMG served as financial adviser.

Evans said that Goldwind and PowerChina can be proud to have signed the financing package for the wind farm.

“We are excited to have continued our ongoing working relationship with Goldwind in Australia and to have helped PowerChina, which is a huge global player in the power industry, to make its entry into the Australian market,” he said.

HSF recently confirmed its role in Western Australia’s largest wind farm.