Allens has advised Norwegian energy company Equinor on its collaboration with Nexsphere in relation to the Bass Offshore Wind Energy Project.
The Bass Offshore Wind Energy Project, situated in the North-East of Tasmania, will be powered by Tasmania's world-class offshore wind resources. The transaction represents Equinor's second acquisition in the Australian offshore wind sector in 2022. Allens advised Equinor on all aspects of this transaction.
'We are very pleased to have assisted Equinor with another significant transaction in the Australian offshore wind sector. Equinor is well placed to capitalise on the significant opportunities that this emerging sector presents, both domestically and internationally, and we are proud to be assisting this market leader in the development of this transformational industry,' said Partner Jacqui Rowell.
The transaction is expected to complete in Q1 2023, subject to regulatory approvals.
