Hamilton Locke advised Enel Green Power Australia Pty Ltd (EGPA) on its partnership with QEM Limited (QEM) to deliver the Julia Creek Renewables Project.
This hybrid wind and solar renewables project is targeted to generate around one gigawatt of energy to power QEM’s vanadium mining and processing project and has the potential to contribute to Queensland’s renewable energy targets of 70% by 2032 and 80% by 2035.
Under the Project Sale Agreement, QEM will sell, and EGPA will acquire, among others, wind and solar monitoring equipment, data and intellectual property of engineering, environmental, geotechnical, flood plain and other project studies.
Enel Green Power Australia’s CEO, Werther Esposito said “Enel Green Power Australia is incredibly pleased to be working in partnership with QEM to deliver the Julia Creek Renewables Project. We would like to acknowledge and thank Hamilton Locke’s New Energy team for their valuable support and expertise on this transaction, we are targeting a significant contribution to achieving Queensland’s renewable energy targets.”
Commenting on the partnership, Hamilton Locke Partner and New Energy Lead Matt Baumgurtel said, “It was a pleasure to be on site with EGPA and collaborate again with the EGPA team as they announced their partnership with QEM Limited to deliver one of Queensland’s largest hybrid wind and solar projects. We look forward to working closely with EGPA as the Julia Creek Renewables Project progresses, and supporting Queensland’s renewable energy transition.”
Hamilton Locke’s commercially focused and integrated multi-disciplinary team delivers integrated client centric solutions across the new energy project lifecycle, in project development, construction, operation, financing and delivery and in joint ventures and mergers and acquisitions transactions.
The Hamilton Locke team was led by Partner and New Energy Lead Matt Baumgurtel and Senior Associate Hannah Jones in collaboration with Partners Margot King and Seema Sandu, Special Counsels Anushka De Alwis and Kaday Conteh, Senior Associate Daniel McLean, Lawyers Ally Frizelle and Raymond Deng and Support Team Leader Perri Robinson.
Click here to read the EGPA announcement, the QEM announcement, Hon Mick de Brenni’s announcement and the ASX announcement,
For more information, please contact Hamilton Locke Partner and New Energy Lead Matt Baumgurtel matt.baumgurtel@hamiltonlocke.com.au.
