Hamilton Locke is pleased to have advised BNRG Renewables and the Leeson Group on the sale of the Corop solar and battery farm to OX2. The Corop project becomes OX2’s second owned-and-operated asset in Australia.
The Corop project is planned to have a capacity of 230MW of solar generation and 740MWh battery and was also announced as a winner of round 4 of the Federal Government’s Capacity Investment Scheme.
Headquartered in Dublin with operations in the US, the United Kingdom, Europe and Australia, BNRG Renewables is a developer and operator of solar projects. Since 2007, BNRG Renewables have worked alongside its development, technology and investment partners to finance, build, manage and own solar farms that today produce more than 150,000 MWh of clean electricity, with more than 5.5 GW of active projects in the development pipeline.
Leeson Group is an Australian renewable energy developer with a diverse portfolio spanning solar technology and project development. Its portfolio includes Volt Solar Tile, Leeson Solar, and BNRG Leeson, a partnership with BNRG Renewables focused on developing solar projects across Australia.
Commenting on the transaction, Partners Matt Baumgurtel and Jo Ruitenberg said: “We are delighted to have advised BNRG Leeson on the landmark sale of its Corop project. It was a pleasure to work with the BNRG and Leeson teams on this transaction and we look forward to continuing our valued relationship.”
The Hamilton Locke team comprised Partners Jo Ruitenberg and Matt Baumgurtel, Senior Associate Tim McAlpine-Scott, Lawyer Sally Yang, with specialist property, tax and projects Partners Margot King, Mark Payne, Adriaan Van der Merwe, Special Counsel Catherine Nufer, Lawyer Raeesa Lambat and Consultant Anna Mouat.
