The portfolio acquisition, which will include Cellars Hill Wind Farm and Weasel Solar Farm, will be a significant milestone in Gamuda's strategic expansion, marking its first investment in Australia's clean energy sector.
The projects are being developed in close collaboration with local landowners, community stakeholders and government, and reflect a strong commitment to community benefit and environmental impact. Gamuda will take an equity stake in the portfolio to secure development rights for current and future projects, and deliver them under sole-source EPC contracts.
This transaction reflects Gamuda's commitment to becoming a leading end-to-end developer, builder, and owner of energy assets to accelerate Australia's clean energy future.
MinterEllison's multi-disciplinary team advised on all aspects of the transaction, including advising on and implementing Gamuda's new fund structure in readiness for acquisition of the projects, providing industry expertise across, amongst others, corporate, tax, environment and planning, native title, property and regulation, and negotiating the full suite of transaction documents.
The team was led by Brendan Clark (Partner, Energy, Resources and Projects), Ker Wei Tiam (Partner Financial Services and Funds), and Tegan Broadfoot (Senior Associate, M&A), supported by specialists across tax, finance, property, environment and planning, and FIRB.
Ker Wei Tiam commented: "This deal is a testament to Gamuda's ability to execute complex cross-border investments and to their bold vision for renewables in Australia. It demonstrates their strategic ambition in securing long-term energy infrastructure and their commitment to delivering high-impact, community-aligned projects. This acquisition further strengthens their credibility as a serious player in the energy transition."
