Allens has advised MUFG and Westpac on the refinancing of the Kennedy Energy Park. Owned by Windlab and Eurus, the Kennedy Energy Park is a world-first hybrid wind, solar and energy storage facility, now fully operational, located near Hughenden in north west Queensland.
Kennedy Energy Park comprises 43.2MW of wind generation, 15MW of solar generation and 2MW of battery storage, making it a significant contributor to Australia's renewable energy landscape.
Previously financed by the CEFC, the refinancing by the private sector demonstrates the growing maturity of the sector.
'Its hybrid design – combining wind, solar and battery storage – demonstrates the kind of integrated solutions that are critical to Australia's clean energy transition,' said Partner Scott McCoy.
Allens has recently advised on a number of renewable energy transactions, including the financing for the Blind Creek solar and battery project, Akaysha Energy's Elaine Battery Energy Storage System and advising the lenders on the $700 million debt financing of Foresight's Australian Renewables Income Fund.
