Corrs Chambers Westgarth has advised Mitsui & Co. Ltd (Australia) Ltd on the sale of its wholly owned Bald Hills Wind Farm (BHWF) to Australian-based Infrastructure Capital Group.
The BHWF is located in South Gippsland, Victoria, Australia. The 52 turbine facility developed solely by Mitsui has an installed capacity of 106.6 MW and commenced operations in 2015. The wind farm has sufficient capacity to meet the electricity needs of up to 62,000 average households and will make an important contribution to achieving the Australian Government's 2020 Renewable Energy Target.
The Corrs Corporate Advisory team advised on all aspects of the sale transaction, led by Partner Robert Clarke and supported by Senior Associate Judith Tosh and Lawyers Simone Lim and Sally Milner.
“We were delighted to work with Mitsui on this important transaction, a landmark deal for the Japanese trading house both in Australia and globally. Bald Hills Wind Farm represents the first ever project 100% owned, developed and operated by Mitsui, anywhere in the world. It has been a tremendous success for the company and we are thrilled to have worked with sophisticated clients on achieving their strategic goals” said Corrs Partner Robert Clarke.
In addition, Corrs’ Banking and Finance team led by Partner Jeremy King acted for BHWF’s financiers. The Corrs Banking and Finance team have acted for BHWF’s financiers since the project’s inception in 2011. Jeremy King was supported by Senior Associate James McNaught and Lawyer Andrew Lorigan.
Mitsui were also advised by PwC.
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