Australia’s leading independent law firm, Corrs Chambers Westgarth, has advised the financiers to Vena Energy on the syndicated green loan financing to support solar and battery energy storage system (BESS) assets, comprising 294 MWp of operational solar capacity, 320 MWp of solar capacity under-construction and 408MWh of BESS capacity under-construction across the Tailem Bend and Wandoan South precincts in South Australia and Queensland.
The financing provides capital to support the construction, development and operation of these solar and battery storage projects in Australia, contributing to the expansion of its renewable energy generation and storage capacity.
Vena Energy is the renewable energy arm of Vena Group, a leading green solutions provider driving the energy and digital infrastructure transition across the Asia-Pacific region.
The Transaction was led by Corrs Head of Banking and Finance Adam Stapledon with support from partners Simon Huxley, James Abbott, Franka Cheung, Melanie Bond, David Ellenby, James North, Rosie Syme and Lucy Carter, and supported by a multidisciplinary team across the firm’s banking and finance, projects, energy and natural resources, real estate, environment and planning, corporate, tax, financial services and technology media and telecommunications practices.
Commenting on the matter, Adam Stapledon said: "We are pleased to have advised Vena Energy’s financiers on this significant transaction, which supports the continued expansion of Vena Energy’s renewable energy and storage infrastructure in Australia and reflects strong confidence in the Vena Energy portfolio.
“Alongside our role on projects such as CWO REZ and Humelink, this project is another demonstration of Corrs' expertise in the development and project financing of large-scale BESS, renewable generation and clean energy infrastructure, reinforcing our position as a leading adviser on Australia's energy transition."
Head of Banking and Finance