Allens has advised Acciona on the financing of the first tranche of Queensland's MacIntyre Wind Farm, set to become Australia's largest onshore wind farm and one of the largest in the world.
Financed via a certified green loan from a group of international lenders and supported by coverage from Compania Espanola de Seguros de Credito a la Exportacion (the Spanish Export Credit Agency, CESCE), the project will be part of a 1026-megawatt wind farm precinct alongside CleanCo (the Queensland Government's renewable energy generator) with a total investment of $1.96 billion.
'The MacIntyre Wind Farm brings unprecedented scale to Australia's renewable energy generation capacity, offering a significant leap forward for our energy transition,' said lead Partner and Head of Project Finance, Michael Ryan.
'We are delighted to have continued our longstanding relationship with Acciona to advise on such an innovative financing structure featuring the first CESCE covered loan facility in Australia.'
The Allens team worked with counterparts from the Madrid office of alliance partner Linklaters to complete the financing.
