King & Wood Mallesons (KWM) has advised the syndicate of financiers on the project financing of the 120 MWp Munna Creek Solar Farm in Queensland for Mytilineos. The syndicate of lenders comprised Deutsche Bank, Intesa Sanpaolo and Westpac Banking Corporation.
The project, which has secured power purchase agreements with both Telstra and NBN, is anticipated to generate enough clean energy to power approximately 41,000 homes, playing a key role in Australia's efforts to achieve 83% renewable energy by 2030 and assisting in the acceleration of Australia’s transition to a more sustainable energy alternative.
The KWM team was led by Partner Chris Dynon, with support from Senior Associates Shubho Mukherjee and Madeleine Coates and Solicitors Evelyn Kourambas and Daniel Ho.
Commenting on the deal, Partner Chris Dynon said:
“We’re delighted to have supported the financiers of the Munna Creek Solar Farm on this important project which advances the green transition in Queensland. In the context of 2023 being a challenging year for greenfield development projects in the Australian renewable energy sector, this was a great outcome for Mytilineos, its financiers and all others involved in this significant project”.
KWM has a strong track record in advising sponsors, lenders and other stakeholders on market leading transactions that contribute to the country’s energy transition.
