The firm guided the company in obtaining a $350m debt facility
Allens has helped Pacific Energy to bolster its investment in renewable energy projects through obtaining a new $350m debt facility.
The facility includes a green loan component valued at $175m, with a sustainable finance framework. With the new addition, Pacific Energy increases its total debt facilities to $1.2bn.
"Pacific Energy is playing a significant role in Australia's energy transition with its focus on renewable energy solutions including solar, wind and battery energy storage systems. It has a critical role to play in delivering on net zero by 2050", Allens lead partner Tim Stewart said.
On the transaction, Stewart worked alongside senior associate Sally Page and lawyer Cara Kenny from the firm’s banking and finance team, as well as with M&A partner Charles Ashton and associate Alex Knights.
Pacific Energy has been providing sustainable distributed energy to the Australian market for more than forty years.
