The deal will see the new joint venture acquire the rights to develop the projects from local developer, Solis Re, under a current joint venture known as Repowering Gippsland.
Corporate and M&A partner Jason van Grieken advised CEFC on all aspects of transaction. Jason commented on the firm’s involvement: “We’re thrilled to have advised CEFC on this transaction and to be involved in such an important investment in Victoria’s renewable energy sector.”
CEFC’s executive director Monique Miller told Renew Economy: “investment in new, clean generation, storage, transmission and infrastructure is critical to support the security and reliability of Australia’s energy grid. We are delighted to be further extending our investments in Victoria’s renewable energy sector with these exciting developments in the Gippsland region.”
Clean Energy Finance Corporation is backed by the Australian Government and invests in the development of Australia’s transition to lower emissions.
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