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ABL acts for CEFC on renewable energy joint venture with Octopus Australia

Corporate and M&A
Solar panels in field
Arnold Bloch Leibler has acted for Clean Energy Finance Corporation (CEFC) on a joint venture with Octopus Australia in relation to the development of two large-scale solar and battery storage projects in regional Victoria, with a combined capacity of 124 MW.

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.  

About Arnold Bloch Leibler

Arnold Bloch Leibler is a premium Australian commercial law firm renowned for advising clients on their most important transactions, commercial issues and disputes. From offices in Melbourne and Sydney, the firm provides advice to a diverse range of entrepreneurial Australian listed companies, private businesses, high-net-worth individuals and international corporations. The firm also has a dedicated public interest practice providing advice to charities and not-for-profit organisations relating to significant legal, social, environmental and cultural issues.

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