Global law firm White & Case LLP has advised Westpac Banking Corporation, Bank of China Limited, Sydney Branch, China Construction Bank Corporation, Sydney Branch, DBS Bank Ltd., Australia Branch, Deutsche Bank AG, Sydney Branch, ING Bank (Australia) Limited and Mizuho Bank, Ltd. on the portfolio financing of Lightsource bp’s 1GW of Australian renewable energy assets and their sale to Aula Energy.
“The successful portfolio financing and subsequent sale, backed by a diverse group of domestic and international lenders, highlights the sophistication of the sponsor and the quality of its operational assets,” said White & Case partner Cameron Watson. “It also demonstrates a continued appetite for renewable asset portfolios in the Australian renewable energy market from both a debt and equity perspective.”
The portfolio comprises the West Wyalong, Woolooga, Wellington, Wellington North and Wunghnu solar projects located across New South Wales, Victoria and Queensland. White & Case advised the financiers on the original project financings for each of the projects.
The White & Case team which advised on the transaction was led by led partner Cameron Watson (Sydney) and included partner Candice Ota (Melbourne) and associates Kevin Chen, Siqi Chen, Shane Dunleavy, Olivia Tomiyama (all Sydney), Andrew Evans and Meryl Liew (both Melbourne).
Press contact
For more information please speak to your local media contact.