Project finance in Australia

Allens

The powerhouse project finance team at Allens remains a market leader in the practice area, advising international and domestic financiers, borrowers, governments and contractors involved in large-scale high-value infrastructure projects. Headed up by finance authority Michael Ryan in Melbourne, the group assists a range of clients including Capella Capital (with an $11bn metro train project), Multiplex Constructions, and Tetris Capital (with a $562m hospital redevelopment); the team is also acting for a consortium, which is funding an $8-10bn highway project for the Victorian government. The group offers the full range of services to a client roster, which spans the health, transport, energy, resources and technology sectors. Recent highlights include negotiations, refinancings, M&A, tax matters, risk allocations, procurements, and PPP projects. The group is supported in Sydney by debt finance expert Scott McCoy, PPP specialist Nick Adkins and Rob Watt, who advises on projects in the energy and resources industries.

Practice head(s):

Michael Ryan

Testimonials

‘Lisa Zhou – Very professional. Exceptional drafting.’

‘Very strong in infrastructure finance.’

‘Michael Ryan and David Donnelly. Come up with proactive solutions. Herd large bank groups. Negotiate with “the other side” to achieve good outcomes.’

Key clients

Capella Capital

Multiplex Constructions Pty Ltd

Transurban

TransGrid

Northwest Rapid Transit

Pacific Partnerships

John Holland

Acciona

Australian Renewable Energy Agency

Clean Energy Finance Corporation

WestConnex

Tetris Capital

InfraRed Capital Partners Pty Ltd

Snowy Hydro

Northern Australia Infrastructure Facility

The GEO Group

Plenary

John Laing

Transport for Victoria

Metka EGN

Work highlights

  • Advised Capella Capital as financiers to the Cross Yarra Partnership on the successful close of the Metro Tunnel Package and related packages of the A$11bn Melbourne Metro Project and advised the financiers on all aspects of the transaction, including advising on the resolution of the significant (and very public) issues associated with the project’s delivery.
  • Advising Multiplex on risk allocation and other matters in its role as the D&C Contractor in the State-preferred Plenary Health Consortium on the Footscray PPP, and in the shortlisted Plenary Health Consortium soon to be bidding on the Frankston PPP.
  • Acting as lead legal adviser for a consortium on its response to the RFP issued by the Victorian Government and its revise and confirm submission.

Ashurst

The team at Ashurst remains a leader in project finance work, advising major international corporations, financial institutions, public sector entities and developers on every stage of large high-value projects, from M&A to dispute resolution. The group’s client portfolio features Bank of America Merrill Lynch and Transport for NSW, with recent work covering a broad spectrum of sectors including the energy (a 209MW wind farm in Victoria), mining (a $300m gold mine in Papua New Guinea), and infrastructure (the North East Link PPP project, which includes the construction of a Melbourne freeway) industries. The team is led by cross-border financing authority Chris Redden, resource project expert David Mason, and procurement specialist Simon Irvine in Sydney, financial products adviser Gaelan Cooney in Perth, and power development doyen Chris Skordas in Melbourne. The group also fields associate Douglas Fung in Sydney.

Other key lawyers:

Douglas Fung

Testimonials

‘Strong experience and ability to clearly present the issues from a lender’s standpoint, and to best defend the lenders’ interests during negotiations.’

‘Gaelan Cooney provides solid and sound advice on a timely basis when requested.’

‘High knowledgeable partner open to introducing non-market standard concepts and mechanisms into financing agreements.’

‘Chris Redden is highly experienced and provided a strong guiding hand to assist us in our first project financing. It’s reassuring to have that support. Chris is very good at explaining the rationale for commercial positions and is open-minded to introducing new ideas/mechanisms that are non-market standards. Chris is very responsive to client enquiries, provides high-quality deliverables, and has good bench strength/resourcing to turn documents around quickly.’

‘Pragmatic, client focused approach to closing the transaction.’

‘Very knowledgeable and responsive. Focused on commercial intent as opposed to being stuck in the legal drafting.’

Key clients

Macquarie

Santos

Edify

NAIF

Bank of America Merill Lynch

Sheffield Resources

Transport for NSW

Vena Energy

Infrastructure Capital Group

EnergyAustralia

Wiggins Island Coal Export Terminal

Work highlights

  • Advised the financiers on the project financing of the 209MW Murra Warra Wind Farm (Stage 2) in Victoria.
  • Acting for the ASX listed Geopacific Resources and its PNG subsidiary Woodlark Mining Limited on the project financing of its gold mine and processing facility on Woodlark Island in PNG.
  • Advising the financiers supporting the ViaNova Consortium on its bid to develop the North East Link Primary Package PPP.

Gilbert + Tobin

The banking and infrastructure practice at Gilbert + Tobin leverages the experience of its team to advise sponsors, financiers, and government clients involved in the financing and construction of high-value projects across a diverse spectrum of sectors. These include the health, energy, social housing, transport, mining, water, digital infrastructure, telecoms and renewables industries. Headed up in Sydney by project finance authority John Schembri, the group’s client portfolio contains key market players ANZ Bank and GE Renewable Energy. The team’s full service offering covers debt finance work, acquisitions, resources issues, social infrastructure PPPs, and real estate and construction financings. The group is supported by project finance experts Alexander Danne and Simon Lynch in Melbourne, and, in Sydney, infrastructure specialist Peter Doyle and Stuart Cormack, who was promoted to partner in Jan 2021.

Practice head(s):

John Schembri

Testimonials

‘Our closest involvement with G+T’s project finance team is Alexander Danne. The firm has deployed technology well during the pandemic, with Working from Home almost trouble free. Alex has led it well, and maintained a command of the matter although it has become multi-faceted with construction and litigation featuring.’

‘Alex Danne has been a stalwart leading the team on a long and complex matter, which began with a project financing of a construction project and has become litigious. Alex has been tremendous in marshalling the G&T team from construction and litigation, bringing them all up to speed effectively.’

Key clients

Alinta Energy

Airtrunk

ANZ Bank

Cooper Energy

Cubico

ENGIE Services Australia & New Zealand Holdings Pty Ltd

FAR Limited

GE Renewable Energy

Healthscope

HRL Morrison & Co

IFM Investors

Pacific Hydro

QIC

Snowy Hydro Limited

Tetris Capital

Tilt Renewables

Work highlights

  • Advised Deutsche Bank AG, Tokyo Branch on the ¥45bn financing to fund AirTrunk’s construction of a new 300+ megawatt hyperscale data centre campus in Inzai, Tokyo.
  • Advised the lenders on the A$95m (plus A$190m hedging) financing of the Engie /Macquarie consortium bid for AEMO’s 300MW battery energy storage system.
  • Advised the syndicate of lenders on the A$950m refinancing of Port of Newcastle’s syndicated debt facilities, including a new innovative green loan and sustainability linked loan structure of Port of Newcastle’s existing syndicated facilities, one of the first of its kind in the Australian market.

Herbert Smith Freehills

The project finance team at Herbert Smith Freehills employs a multidisciplinary approach to advising sponsors, financial institutions, investors, government bodies and operators on high-value, large-scale infrastructure projects across a diverse range of areas including PPPs and major transport projects, renewables and energy issues, and city-shaping projects. Jointly led by project finance authority Toby Anderson, acquisition finance expert Erin Wakelin in Sydney, and infrastructure disputes specialist Geoff Hansen in Melbourne, the team’s client roster contains Transport for NSW and Macquarie. The group also includes Andrew Griffiths in Sydney, who advises on road and rail projects.

Other key lawyers:

Andrew Griffiths

Key clients

New South Wales Government / Transport for NSW

Macquarie

AGL Energy

CIMIC / Pacific Partnerships

Transurban

Victorian Government

John Laing

First Gen/Energy Development Corporation (Philippines-based)

Big Four Domestic Banks (i.e. Australia and New Zealand Banking Corp, Commonwealth Bank of Australia, National Australia Bank, Westpac Banking Corporation)

Horizon Powe

King & Wood Mallesons

The project finance group at King & Wood Mallesons leverages both the size and expertise of its team to advise sponsors, lenders, governments and trading houses on financing structures for major domestic and international project transactions across the energy and renewables (a $1.5bn wind farm and a 460 MW solar farm, both in Queensland), transportation (a $4.2b refinancing of the M4 Motorway), infrastructure (including PPPs), telecoms, and oil and gas industries. Headed up by managing partner Craig Rogers in Brisbane and project finance authority Claire Rogers in Sydney, the group’s client portfolio features Macquarie, Transport for NSW and Perth Airport. The team also fields infrastructure expert Mark Uphold, PPP specialist Rebecca Finkelstein, and senior associate Amy Maguire in Sydney, and acquisition finance adviser Jeff Clark and banking and finance partner Tim Ma in Melbourne.

Practice head(s):

Craig Rogers; Claire Rogers

Testimonials

‘King & Wood Mallesons has a great ability to understand complex legal interactions in detail and explain them in a simple manner. Many other firms overlook details or don’t compile the full picture across multiple documents and legal disciplines.’

‘Claire Rogers is a stand-out partner. She has an exceptional ability to digest information and deliver advice. Many other legal partners will deliver factual information and legal interpretation but Claire follows this up with very well-reasoned practical recommendations. Often this will include how to take issues forward to satisfactory resolutions, or prioritise matters.’

‘Claire Rogers and her team are extremely user-friendly; taking complex issues and distilling them to a simplified and commercial solution. Upon dealing with complex matters, the King & Wood Mallesons team is adept at seeking solutions to facilitate a workable outcome.’

‘The team is deep and extraordinarily well lead by the partners that remain in control and contact, while enabling the senior associates to undertake work. They have got that tricky balance right. They are also very broad in terms of the knowledge of law and market practice which enables the partners in particular to provide substantial guidance on commercial issues as well as the law.’

‘Rebecca Finkelstein is an outstanding partner – a person of incredible legal and commercial acumen and integrity. She and the team will always do their absolute best for you as a client and that includes giving you hard and sensible advice about what can and cannot be achieved.’

‘The wider teams are excellent to deal with strong capabilities and deep knowledge in project finance for infrastructure and energy. Always make themselves available at all times of the day throughout the week.’

‘Claire Rogers is the stand-out partner within the team and a key individual we would approach for any project financing. She is a highly experienced partner whose in-depth knowledge of the industries she covers consistently supports the successful close of innovative and complex financing arrangements.’

‘Claire Rogers – Claire is solution-driven yet maintains an upbeat and positive outlook. Always puts her clients’ best interests first.’

Key clients

Transport for NSW

Transurban Limited

APA

BHP

Lendlease Corporation Limited

Infrastructure NSW

Mirvac

Queensland Airports Limited

CIMIC

AGL

Charter Hall

Port of Melbourne Operations Pty Ltd

Multiplex

Clean Energy Finance Corp

Gladstone Ports Corporation

Brookfield

Future Fund Board of Guardians

Glencore

John Holland

Macquarie / Macquarie Infrastructure and Real Assets (MIRA)

Wren House Infrastructure Management Limited

Perth Airport Pty Ltd

Hobart International Airport

Tasmanian Department of State Growth

Work highlights

  • Acted for WestConnex on the $4.2bn refinancing of its existing asset level debt in respect of the M4 Motorway.
  • Acted for the Clean Energy Finance Corporation as senior financier to the market for a Tesla-led South Australian virtual power plant project including in relation to negotiating the intercreditor arrangements with ARENA and the South Australian government, and negotiating the project documentation with Tesla to develop a bankable structure to facilitate future expansions.
  • Appointed as the key legal adviser to National Housing and Infrastructure Funding Corporation (NHFIC) in its role as financier for the first stage of the Victorian Public Housing Renewal Project. Stage 1 is a large-scale housing project undertaken by the Victorian Government.

White & Case

The project finance team at White & Case acts for international investors, export credit agencies, financial institutions and lending syndicates involved in the financing of large-scale local and cross-border infrastructure and construction projects. The group has key sector expertise in the transport infrastructure, chemical,, healthcare and renewable energy industries. Headed up by project finance authority Brendan Quinn in Melbourne, the group’s client portfolio includes the Suburban Rail Loop Authority and Macquarie. The team is supported by international sponsor expert Joel Rennie in Sydney, and, in Melbourne, energy project specialist Ged Cochrane and project development adviser Josh Sgro.

Practice head(s):

Brendan Quinn

Other key lawyers:

Joel Rennie; Ged Cochrane; Josh Sgro

Key clients

Suburban Rail Loop Authority

Rail Projects Victoria

Transurban Limited

UniSuper

Plenary

Hana Financial Investment

Fotowatio Renewable Ventures (FRV)

Suburban Rail Loop Authority

Tetris Capital

Star of the South Wind Farm Pty Ltd

Copenhagen Infrastructure Partners (CIP)

Perdaman Chemicals and Fertilisers Pty Ltd

John Holland Pty Ltd

QIC

Société Générale

Macquarie Group

Australia and New Zealand Banking Group (ANZ)

Work highlights

  • Advising Copenhagen Infrastructure Partners (CIP), as a sponsor, on the development and $3bn financing of the 589MW Changfang and Xidao offshore wind project off the coast of Changhua County in Taiwan.
  • Acting for the ViaNova Consortium in relation to all aspects of its bid to the Victorian Government to deliver the North East Link PPP project.
  • Advising the lenders to the preferred Plenary Health Consortium on all aspects of the project financing of the A$1.5bn New Footscray Hospital.

Allen & Overy LLP

The construction, infrastructure and project finance practice at Allen & Overy LLP advises domestic and international financial institutions, governments, developers and sponsors involved in major projects throughout the region across a diverse range of sectors. Examples include the mining (coal, iron ore, base metals), oil and gas (pipelines, onshore and offshore LNGs), energy (coal, gas, renewables), and infrastructure (PPPs, social housing, rail, airports) industries. The group represents high-profile clients including Transport for NSW and Westpac, and it also benefits from the expertise of financing specialist Peter Wilkes in Perth. Adam Stapledon, James Abbott and Simon Huxley departed in early 2022.

Other key lawyers:

Peter Wilkes

Key clients

Australia and New Zealand Banking Group

Westpac Banking Group

QIC

Pilbara Minerals

Fortescue Metals Group

Transport for NSW

Palisade Investment Partners

Port of Newcastle

John Laing

Work highlights

  • Advised Pilbara Minerals on the acquisition of Altura Mining’s lithium operations. Advice covered the corporate, banking, restructuring and insolvency, tax and litigation aspects of the transaction.
  • Advised Australia and New Zealand Banking Group (ANZ) as financier to Merredin Energy Pty Limited (Merredin) in relation to a A$43m refinancing of Merredin’s existing bonds.
  • Advised Port of Newcastle on a major refinancing transaction, including the introduction of a green loan and sustainability-linked loan facilities.

Clayton Utz

The experienced team at Clayton Utz advises domestic and international clients – sponsors, borrowers, financiers and governments – on the financing of major PPP projects in the areas of transport and social infrastructure, energy, and resources. Headed up by Alexander Schlosser in Sydney, and Sergio Capelli in Brisbane, the group’s recent work includes advising Plenary Group on a $1.5bn hospital PPP project in Melbourne, and assisting the Major Transport Infrastructure Authority with Melbourne’s $15.8bn North East Link freeway. The group also includes energy project adviser Peter Staciwa in Sydney and major project procurement specialist Marcus Davenport and project finance expert Dan Fitts in Melbourne.

Key clients

Plenary Group

The State of Victoria – Major Transport Infrastructure Authority

The Victorian Department of Families, Fairness and Housing (previously, the Department of Health and Human Services) (DFFH) and Department of Treasury and Finance (DTF)

Sprott Resources

Export Finance Australia and AIFFP

Work highlights

  • Advised the Plenary Group on all aspects of Plenary Health’s winning bid for the New Footscray Hospital PPP Project, including on negotiations with the State, the financiers, equity providers, construction, and facilities maintenance contracts.
  • Acting as adviser to the State of Victoria on all aspects of the procurement and development for the North East Link Project, including the preparation of the business case; the development of the delivery strategy; the planning approval documentation; the development of the procurement documentation; including the world first ITC framework for a PPP; the financing structure; and the project-specific legislative framework to support the delivery and tolling of the NELP.
  • Engaged as legal adviser to the Victorian Department of Families, Fairness and Housing (DFFH) and the Department of Treasury and Finance (DTF) in relation to the Big Housing Build, a social housing project which will increase Victoria’s social housing supply and create jobs.

Clifford Chance

The project finance group at Clifford Chance utilises the experience of its team and the strength of its global network to advise investors, sponsors, and financial institutions involved in high-value multijurisdictional transactions regarding the funding of major projects. Recent work includes handling a 376MW wind farm in Taiwan, a $186m solar plant in Vietnam, the $9.26bn WestConnex road project and LNG storage projects. The team’s full service advice extends to acquisition finance work, asset financings, structured products and capital market solutions. The practice is led by leveraged finance authority Richard Gordon, renewables expert Nadia Kalic, regulatory specialist Chad Bochan and new recruit Elizabeth Hundt Russell in Sydney, and, in the Perth office, Mark Gillgren, who manages structured financings, and energy, mining, and infrastructure adviser Philip Sealey. In Sydney, associate Dean Bao is also recommended.

Other key lawyers:

Dean Bao; Dominik Kepinski

Testimonials

‘Expertise on project finance and market knowledge/application in multiple jurisdictions; a commercial, sensible approach; great on the management of local counsel and local law issues; positive, fun approach to work and clients.’

‘Phil Sealey and Dom Kepinski work very well together as a team and are effective in allowing clients to work towards deadlines. Great understanding of legal issues and market positions.’

Key clients

Global Infrastructure Partners

Partners Group – CWP Renewables

Caisse de dépôt et placement du Québec (CDPQ)

Asian Development Bank

Partners Group – Murra Warra 2

National Australia Bank (NAB)

Westconnex

Land Services WA consortium

Land Services SA consortium

Macquarie Capital led consortium

Work highlights

  • Appointed by Global Infrastructure Partners to advise the lenders on the financing for their bid to acquire a 26.5% stake in the Shell-operated Queensland Curtis LNG (QCLNG) Common Facilities (which included LNG storage tanks, jetties, and operations infrastructure that service QCNLG’s LNG trains).
  • Advised Partners Group on the merger between renewable energy developer CWP Renewables and the Partners’ Group Grassroots Renewable Energy platform.
  • Advising CDPQ, which, together with established local investor Cathay PE as an offshore wind sector partnership, will acquire 50% of Greater Changhua 1 which will supply 605MW of clean power to over 650,000 Taiwanese families.

Corrs Chambers Westgarth

The project finance team at Corrs Chambers Westgarth utilises the strength and size of its team to advise major commercial entities and state governments involved in the financing and refinancing of high-value international and domestic projects. Sectors of focus include the social infrastructure, energy, transport, renewable energy and mining industries. Led by project finance authority Clare Corke in Brisbane, the team’s advice covers bilateral and syndicated facilities, risk analysis of project agreements, debt funding, and development funding procurement work. The group also includes Sydney-based banking and finance head Rommel Harding-Farrenberg, infrastructure experts Brad Robinson and Paul Brickley in Melbourne, and senior associate and debt capital specialist Julie Myers in Brisbane. Adam Stapledon, James Abbott and Simon Huxley joined from Allen & Overy LLP in early 2022.

Practice head(s):

Clare Corke

Testimonials

‘The Corrs team demonstrated a unique commercial drive, a deal-making capability that is often absent in legal advisers when process and legal alignment is more valuable than negotiation. Corrs have successfully concluded transactions for us that include government, financial and strategic investors and the team’s empathy to each of these unique counterparties was highly valuable.’

‘Clare Corke has navigated our transactions with a calm demeanour, thoughtful strategy, and determination. Tolerance and empathy are critical to concluding transactions, and a careful examination of the other parties’ drivers and characteristics. Clare and her team have repeatedly demonstrated these highly valuable traits.’

‘Needing to meet deadlines, the team was able to structure itself to ensure great coverage and consistency in quality of work across a lot of hours to meet the needs of the transaction.’

‘Brad Robinson takes a very pragmatic approach and helps you work through the issues that matter. Focusing attention on getting clients a great outcome in an efficient way.’

‘Knowledge across the legal requirements and then also an ability to deliver in tight time frames while on budget were great. Also great management of pulling in subject matter experts when required.’

‘Clare Corke manages complex project financing fantastically.’

Key clients

Altrac Consortium

Baptistcare

CIMIC Group

CPB Contractors

CuString Pty Ltd

Dacian Gold

Manulife

Mirvac

Oil Search Limited

Pacific Partnerships

Panterra Gold

Queensland Government

Queensland Health

Roc Oil

SGCH Portfolio Ltd

SGCH Sustainability Limited

Seafarms Group Limited

Summer Housing

TransGrid

UGL

Veolia

Victorian Government

Work highlights

  • Advising TransGrid on the bankability and risk analysis of a large project debt funding of the Snowy 2.0 hydro-electricity project.
  • Advising CuString Pty Ltd as the developer of the CopperString Project.
  • Advised the Pulse Consortium, the successful proponent for the Cross River Rail Tunnel, Stations and Development A$5.8bn PPP Project, on the facilitation of payments to be made to the D&C Subcontractor for the Project for works completed ahead of schedule under the D&C Subcontract.

Norton Rose Fulbright

The project finance practice at Norton Rose Fulbright combines the experience of its practitioners with the resources of its global network to provide comprehensive solutions for domestic and international financial institutions, sponsors and resource companies involved in the financing and acquisition of high-value infrastructure and PPP projects. These include mandates in the social infrastructure, transport infrastructure, mining and resources, energy and telecoms sectors. Headed up by project finance expert Jo Crew in Melbourne, the team counts Westpac and Macquarie on its client roster. Other key names include mining finance expert Alen Pazin in Perth, project finance specialists Rob White and Lisa Koch in Sydney, and associate Joanna Taylor in Melbourne.

Practice head(s):

Jo Crew

Testimonials

‘Norton Rose Fulbright has a strong banking practice with some veteran partners guiding the practice.’

‘Chris Patten is a stand-out partner who goes above and beyond for his clients. Technically exceptional and can be creative and flexible to meet commercial objectives. He works extremely hard and offers great, responsive, and quality client service.’

Key clients

Westpac Bank

National Australian Bank

Commonwealth Bank

Australia and New Zealand Banking Corporation (ANZ Bank)

SMBC

ABN Amro

Clean Energy Finance Corporation (CEFC)

Mizuho Bank

Natixis

Crédit Agricole

Macquarie Capital

Dutch Infrastructure Fund

AirTrunk Pty Ltd

University of Wollongong (UOW)

Perth Airport Pty Ltd

Maoneng Australia

Capella Capital

CWP Renewables

Plenary Group

Northern Territory Airport

HRL Morrison & Co

New Hope VIMG

Lendlease

AMP

Anglo American

Work highlights

  • Advised the CQC consortium on the second phase of the structured market engagement for the design, development, construction, O&M, financing and management of the regeneration of Circular Quay in Sydney.
  • Advised TEC Hedland (a subsidiary of TransAlta Corporation) as issuer on the successful closing of its A$800m Rule 144A private placement for its South Hedland power station in Western Australia.
  • Advising CWP Renewables on the financing, development and construction of the 30MW/30MWh Sapphire Battery Facility, to be built adjacent to the Sapphire Wind Farm, located in the Northern Tablelands of NSW.

Baker McKenzie

The experienced project finance group at Baker McKenzie advises international financiers, sponsors, contractors and governments on project financings, acquisitions and sales for major infrastructure deals in the region including infrastructure, energy, transport and social infrastructure mandates. Led by infrastructure asset expert Sean Duffy in Sydney, the group’s client portfolio includes Genex Power and KDB Infrastructure Investments Asset Management. The team also features energy and renewables specialist David Cooper in Sydney, and international finance advisers Chuong Nguyen and Charlie Detmold in Melbourne.

Practice head(s):

Sean Duffy

Key clients

Construction and Building Unions Superannuation Fund (Cbus) & National Housing Finance and Investment Corporation (NHFIC)

KDB Infrastructure Investments Asset Management (KIAMCO)

Genex Power Limited

Work highlights

  • Advising Cbus and NHFIC on their proposed financing of the Community Housing Redevelopment Program established by the NSW Land and Housing Corporation.
  • Assisted KDB Infrastructure Investments Asset Management (KIAMCO), a subsidiary of the Korea Development Bank, in connection with a bid to finance the acquisition of New Zealand-based Morrison & Co’s Public Infrastructure Fund 1.
  • Successfully acted for Genex Power Limited (Genex) on the A$610m financing for the 250MW Kidston Pumped Hydro Project.

DLA Piper

The finance, projects and restructuring team at DLA Piper advises institutional lenders, investment banks and international financial institutions on the funding of major projects domestically and abroad spanning the mining, energy, infrastructure, oil, gas, transport and water sectors. Under the leadership of energy law expert Alex Regan in Sydney, the group represents a broad range of clients including SUEZ Water and the Ministry of Healthcare and Social Development of the Republic of Kazakhstan.

Practice head(s):

Alex Regan

Key clients

Keolis Downer

SUEZ Recycling and Recovery Pty Ltd

SUEZ Water Pty Ltd

Ministry of Healthcare and Social Development of the Republic of Kazakhstan

Kalium Lakes Limited

BE Power

BNP Paribas, DBS Bank and ING Bank N.V.

Salt Lake Potash

Sprott Resource Lending; Sprott Inc.

South East Melbourne Advanced Waste Processing Project (SEMAWP)

Work highlights

  • Supported BNP Paribas, DBS Bank, and ING Bank N.V on their financing of Vena Energy’s A$120m 100MW/150MWh Wandoan South Battery Energy Storage System (Wandoan South BESS) in Queensland, Australia.
  • Advised dual-listed Australian company Salt Lake Potash on its project financing for the development of the Lake Way Sulphate of Potash (SOP) Project in Western Australia.
  • Advised SUEZ on all aspects of a project, including agreements for long-term waste supply, the operations and maintenance of a facility, EPC interface arrangements, power purchase, ash and waste disposal, and joint venture arrangements.

Minter Ellison

The project finance group at Minter Ellison combines the bench strength of its team with that of its national project development practice to provide a one-stop-shop for borrowers, domestic and international financiers, resources companies and state and federal departments involved in high-end infrastructure and energy resources projects. The group is headed up by James Mok in Sydney and Brendan Clark in Brisbane and also fields infrastructure expert Peter Block in Melbourne, PPP delivery specialist Paul Paxton and banking and finance advisers Ros O’Mally in Sydney and Gemey Visscher in Perth.

Practice head(s):

James Mok; Brendan Clark

Key clients

State and Federal Government departments and agencies

BlueCHP Limited

Red5 Limited

Australian Potash Limited

Commercial & General

Work highlights

  • Advising the Commonwealth Department of Industry, Science, Energy and Resources in relation to the Underwriting New Generation Investments (UNGI) program which involves entering agreements with up to 12 new power stations to provide firm generation capacity in exchange for providing funding support to those projects.
  • Assisting Red 5 Limited with obtaining funding of A$175m+ associated hedging from a syndicate of three financiers to develop the King of the Hills gold project in Western Australia.
  • Advising Australian Potash Limited on obtaining funding of approximately A$200m from senior secured lenders to develop the Lake Wells sulphate of potash project in Western Australia.

Pinsent Masons LLP

The finance and projects group at Pinsent Masons LLP advises financial advisers, lenders, sponsors and borrowers on financing structures for major projects throughout the Asia Pacific region. Recent examples include handling a 106.6MW wind farm in Victoria, a water filtration plant in Sydney, a prison expansion in Victoria, residential developments and debt structures. Headed up by project finance authority Jeremy King in Melbourne, the practice also features debt finance expert Jim Hunwick and senior associate David Kennedy in Sydney, and legal director Michael Capsalis in Melbourne.

Practice head(s):

Jeremy King

Testimonials

‘Jeremy King who leads the practice is very knowledgeable and commercial in his approach and is not afraid to innovate in relation to products.’

‘Jeremy King is very commercial and is not afraid to go the extra mile for a client.’

Key clients

Tesla

Abacus Property Group

Australian Gas Infrastructure Group (AGIG)

Australian Gas Networks

GFG Alliance

Australia and New Zealand Banking Group (ANZ)

Mitsubishi UFJ Financial Group (MUFG)

ING Bank

The Tokyo Star Bank, Limited

SIMEC Energy Limited

Acciona Ferrovial Joint Venture

Amber Infrastructure

Abacus Property Group

Lendlease

SUEZ Australia

Seymour Whyte

Victoria Correctional Infrastructure Partnership (VCIP)

Vestas

Asian Development Bank

Barwon Healthcare Property Fund

Work highlights

  • Advising Tesla, which was selected under the South Australian Renewable Technology Fund by the SA Government, to deliver South Australia’s Virtual Power Plant.
  • Advising the Asian Development Bank and local Filipino lenders, BDO Unibank Inc., Philippine National Bank, Bank of the Philippine Islands, Development Bank of the Philippines, Land Bank of the Philippines, Metropolitan Bank and Trust Company, on the restructuring of the existing project finance debt of GMR Megawide Cebu Airport Corporation for the development of the Mactan-Cebu International Airport in the Philippines.
  • Advising the financiers (Japan Bank for International Cooperation, Mizuho Bank and Al Rajhi Banking and Investment Corporation) on the project financing provided to a consortium led by Marubeni Corporation in joint venture with Al Jomaih Energy & Water Company Limited of the 300MW solar power plant to be built and operated in Rabigh, Saudi Arabia.