KWM advises on project funding for Kennedy Energy Park

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King & Wood Mallesons (KWM) advised the Clean Energy Finance Corporation (CEFC) as the sole debt financier in relation to its $94 million funding of the 60MW hybrid Kennedy Energy Park.

The Kennedy Energy Park is the first utility scale wind, solar, and battery storage project in Australia. Located in the Flinders Shire in central north Queensland, the project also received an $18 million renewables grant from the Australian Renewable Energy Agency (ARENA).

The KWM team was led by Partner Claire Rogers, with support from Senior Associate Chris Allfrey and Solicitors Priscilla Hejtmanek, Amy Maguire and Brendon Francis.

Commenting on the matter, Claire Rogers said; "We are pleased to have supported CEFC on funding this landmark project, which aims to demonstrate how effectively wind, solar and storage can be combined to provide low cost, reliable and clean energy for Australia's future."

Kennedy Energy Park is being developed by Windlab and Eurus Energy.