The firm confirmed its role in a transaction that saw the Gippsland Skies Offshore Wind project get a feasibility licence
Allens has provided guidance to Reventus Power on its participation in the Gippsland Skies Offshore Wind consortium.
The transaction involved obtaining a landmark feasibility licence for the Gippsland Skies Offshore Wind project. Also in the consortium are AGL Energy, Mainstream Renewable Power and DIRECT Infrastructure.
"We are proud to have supported Reventus Power on the start of its journey to develop one of Australia's first offshore wind projects. Once fully operational, the Gippsland Skies Offshore Wind project could power up to 1.4 million homes, which is equivalent to supplying approximately 17% of Victoria’s 2023 electricity demand, significantly advancing the state's transition to renewable energy," said Allens lead partner Wendy Rae.
The initial phase of the project is anticipated to be operational by 2032. It is set to contribute to the Victorian Government's offshore wind targets of achieving at least 2GW by 2032 and 4GW by 2035.
In addition to Rae, an interdisciplinary team that consisted of experts from the following practice areas advised Reventus Power on all aspects of its membership in the Gippsland Skies consortium:
Corporate
Projects
Specialist input was obtained from the following:
Projects
Environment and planning
IP
Competition, consumer and regulatory
