Corrs has advised the Water Corporation on its power purchase agreements for the output of two renewable energy projects, the Mumbida Wind Farm project and Greenough River Solar Farm project.
The historic deal sees the Water Corporation purchase the entire output from Mumbida Wind Farm and Australia’s first utility-scale solar farm, the Greenough River Solar Farm project. Together, the projects will offset the energy requirements from the Corporation’s Southern Seawater Desalination Plant being developed south of Perth in Western Australia.
The Corrs team was led by partner Michael Harrison, with other members including Andrew Thrum, Tamim Rahman and Ali Souk.
Michael Harrison said: “The two projects are significant developments for all participants involved, and demonstrate the open and progressive approach being taken to renewable power projects in Western Australia, and has Western Australia leading the way in utility-scale solar power. Given the Carbon Tax, solar power is on the way to becoming an option on mining and resources projects. For Corrs, again, it was great to work with the Corporation team.”
The Mumbida Wind Farm is being developed by equity participants Verve Energy and Macquarie Capital Group, with ANZ, BNPP and NAB providing project finance. The EPC Contractor is Leighton Contractors and General Electric is providing the turbines. The Mumbida Wind Farm is expected to be operational in December 2012 and will produce 55 megawatts.
The Greenough River Solar Farm is being developed by equity participants Verve Energy and GE Energy Financial Services. The Greenough River Solar Farm will generate 10 megawatts of energy.
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