Allens has advised Goldwind on the divestment of a 49% stake in the Stockyard Hill Wind Farm to Qatar-based global power and development investment company Nebras Power.
The transaction is one of the largest in the renewable energy sector in recent years.
Stockyard Hill Wind Farm is located in Victoria’s central highlands, approximately 35 km west of Ballarat. Once construction is complete and the wind farm is operational, it will produce clean energy to power approximately 391,000 Victorian homes. It is expected to be the largest wind farm in Australia.
‘This divestment builds on Allens’ substantial portfolio of work in the renewables sector, including a number of large and complex M&A transactions’, said Partner Jeremy Low.
‘This acquisition is consistent with a broader trend of growing interest in stable infrastructure investments, particularly in the clean energy space’, he said.