Herbert Smith Freehills Kramer (HSF Kramer) and Allens advised on the $530 million financing of Kondinin Wind Farm.
Foresight, through its Australian Renewables Income Fund (ARIF), reached financial close on the procurement, offtake and $530 million project financing of the 130MW first stage of Kondinin Wind Farm in Western Australia.
The debt financing was provided by ANZ, Commonwealth Bank, Deutsche Bank, HSBC and Westpac. Construction of Stage 1 is set to commence under an EPC contract with Vestas, supported by a seven-year Power Purchase Agreement with Synergy and a 15-year revenue support contract under the Australian Government’s Capacity Investment Scheme.
Herbert Smith Freehills Kramer (HSF Kramer) advised Foresight on the procurement, offtake and project financing.
The matter was led by Project Finance Partner Gerard Pike and Procurement Partner Daniel Ficyk. Partners Madeleine Miller, Frank Poeta, Daniel Zador and Melanie Debenham also provided corporate, FIRB, land, grid connection, and planning and environment advice.
They were supported by Executive Counsel Teresa Lusi; Senior Associates Jeremy Soh, Sean Frewin, Ellen Frodsham, Dhruvi Pindolia, Yonnie Lipshatz and Tessa Donovan; and Solicitors Daniel Timms, James Snowden, Samatha Cooke, Vukasin Sokic, Nicholas Thongvilu, Marika Torihara, Tiffany Gardner and Mako Muraza.
Allens acted as counsel for the lenders on the financing.
