Hamilton Locke advised JUWI Renewable Energy (JUWI) on its divestment of the 400MW Hay Plains wind project in south-west NSW and 175MW Ardandra solar project, with an anticipated 400MWh of battery storage in south-west Queensland to Octopus Investments Australia.
The transaction marks a significant enhancement to Octopus Investments Australia’s renewable energy portfolio, aligning with its strategic focus on developing large-scale wind projects supported by solar and battery storage projects.
JUWI specialises in solar, wind and off-grid energy solutions. Christian Cronje, Managing Director of the JUWI Group in Asia Pacific, explained that the sale reflects JUWI’s decision to concentrate on providing renewable energy solutions to the mining and resource sectors in Australia.
Commenting on the transaction, Christian Cronje said, “the divestment of Hay Plains and Ardandra is an exciting sale for JUWI and we look forward to continuing to assist the mining and resource sectors transition to renewable energy. We are grateful for the guidance and support provided by Matt Baumgurtel and the team at Hamilton Locke, who provided valuable commercial and legal counsel throughout the entire transaction.”
Hamilton Locke advised JUWI on all aspects of the project including managing the sale process, vendor diligence, asset sale and completion including land access agreements and other key stakeholder engagement.
The Hamilton Locke team led by New Energy Lead, Matt Baumgurtel included Partner Margot King, Special Counsel Kaday Conteh, Senior Associate Hannah Jones, Lawyer Ally Frizelle and Associate Hayley Cummings.
For more information, please contact Hamilton Locke New Energy Partner Matt Baumgurtel.