03 August 2018

KWM advises CEFC on innovative waste management facility

King & Wood Mallesons (KWM) has advised the Clean Energy Finance Corporation (CEFC) on a state-of-the-art organic composting plant valued at $60 million.

The transaction is a  first of its kind and will enable households to send both kitchen food scraps and garden cuttings into their existing green bins, that will then be sent on to the waste management facility for conversion into premium quality compost to be used in Melbourne’s municipal parks and gardens across the south-east region. The facility will also help achieve a substantial reduction in waste going to local landfill sites.

The facility will be built in Dandenong South by Spanish waste management giant Sacyr and partially financed with a $38 million loan from the federal government’s CEFC. 

The KWM team was led by Partner Jonathan Oldham supported by Senior Associate Andrew Vincent and Law Graduate Nick Walker. 

Commenting on the deal Partner Jonathan Oldham said: “We were again proud to work with our client on the financing aspects of this environmentally important and innovative facility and invest in an emerging market where technology is driving greater environmental outcomes in the waste sector.” 

Operation of the facility is set to commence in 2019. 

KWM also recently advised CEFC on the financial close of a major renewable project in New South Wales, the Crudine Ridge Wind Farm as well as a major solar project in Victoria, the Numurkah Solar Farm. 

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