Allens has advised Tasmanian Networks Pty Ltd (TasNetworks) on the North West Transmission Developments (NWTD) project, supporting a range of financing, construction, regulatory and commercial arrangements critical to its delivery.
The NWTD project will deliver critical transmission infrastructure in Tasmania, improving network capacity and reliability while enabling greater integration of renewable energy and supporting long-term decarbonisation objectives. The upgrades are also key to enabling Marinus Link.
The work included advising on TasNetworks' concessional $1.2 billion financing with the Clean Energy Finance Corporation (CEFC), alongside broader project delivery matters. These included negotiation of the EPC contract with Genus, connection and interface arrangements with Marinus Link, and regulatory and governance issues associated with a state-owned electricity network operating under the National Electricity Rules framework.
'This transaction demonstrates how long-term concessional and government-backed finance can be structured to support complex regulated infrastructure, helping to attract long-term investment while managing cost impacts for consumers. It is a strong example of how financing solutions are evolving to support Australia's energy transition,' said partner James Darcy.
'We worked closely with TasNetworks to support the successful delivery of this critical infrastructure project, helping to navigate regulatory complexity and interface arrangements across multiple workstreams,' said partner Andrew Mansour.
Allens' cross-practice team brought together expertise from banking and finance, projects and in relation to associated due diligence (real estate and environment and planning law) to manage the layered risks associated with the project.
