Allens advises Goldwind on its sale of Victoria wind farm

Allens has helped Goldwind close its sale of 49 percent of Moorabool Wind Farm to Qatar-based Nebras Power.

Nebras Power is a global development and investment company that manages a portfolio of strategic investments in the power sector across the globe. The Moorabool Wind Farm, located in Victoria, will comprise up to 104 wind turbines that can produce enough power for 228,000 Victorian Homes each year.

Established in 1998, Goldwind is an international enterprise specializing in wind turbine generators, research and development, and manufacturing of its wind turbine technology.

“We are pleased to have advised longstanding client Goldwind on this sale,” said lead Partner Jeremy Low. 

Low further commented, “Despite softening activity across global M&A markets, energy transition assets have proved enduringly popular throughout 2022. That trend shows no sign of abating, and we expect to see the deal activity in this space to continue into the new year as global energy transition efforts ramp up.”

Last year, Allens advised global investment manager Igneo Infrastructure Partners on the acquisition of Elliot Green Power Australia (EGP), through Igneo’s Australian renewable business, Atmos Renewables. Under the deal, Atmos acquired EGP’s portfolio of the Childers, Susan River and Nevertire solar farms.

The law firm also helped rooftop solar developer Green Peak Energy on its investment by CBRE Investment Management. The investment will be used to fund new rooftop solar PV and energy storage projects and Green Peak Energy’s working capital requirements.

In addition, Allens advised Norweigan energy company Equinor on its collaboration with Oceanex Energy to explore offshore wind opportunities in New South Wales. The transaction is one of the first of its kind in Australia.

Jeremy Low led Allen’s corporate and M&A legal team for the Moorabool Wind Farm deal. The team also included senior associate Armina Karcic, and associates Charlie George and Chris Yuan.