KWM advises on financing of Australia’s largest single-stage solar venture

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King & Wood Mallesons (KWM) has advised Palisade Investment Partners and ESCO Pacific on the financing for the development and construction of Australia's largest single-stage solar development venture, the 148 MW Ross River Solar Farm project.

The project, which features about 420,000 crystalline solar photovoltaic panels, was developed by ESCO Pacific and Palisade Investment Partners, and is being funded by Palisade Investment Partners.

KWM has been involved in this significant project from acquisition through to development and construction, advising both Palisade Investment Partners and ESCO Pacific on Palisade's initial investment to establish the project back in December 2016.

The team advising Palisade Investment Partners was led by Partner Roderick Smythe with support from Solicitors Jahan Navidi and Jennifer Darmody and Partner Craig Rogers advised ESCO Pacific with support from Solicitor Adam Black.

Commenting on the deal, Mr. Smythe said: "After helping our clients secure the initial project investment, we were pleased to continue to support Palisade and ESCO as the project enters the construction phase."

The Ross River Solar Farm is being funded by Palisade-managed investors, including the Palisade Renewable Energy Fund which KWM also advised on. The Palisade Renewable Energy Fund was launched in October 2016 to invest in and develop a portfolio of renewable energy projects across Australia, with a key focus on wind and solar assets.

The Ross River Solar Farm project represents the latest in a series of renewable energy ventures KWM has acted on including Badgingarra Wind Farm, Sapphire Wind Farm, Silverton Wind Farm development and the acquisition of the Nyngan and Broken Hill Solar Farms.