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Allens advises Meridian Energy on $191m Sth Australian wind farm purchase

11 May 2010

Allens Arthur Robinson (Allens) has acted for Meridian Energy Ltd (Meridian) on its acquisition of South Australia's Mt Millar wind farm from ASX-listed entity Transfield Services Infrastructure Fund (TSI Fund). Completion of the transaction is expected by 31 May 2010.

The transaction, valued at A$191 million, marks a significant contribution to New Zealand-owned Meridian's developing portfolio of renewable energy assets in Australia.

Allens brought together a team from its Energy and Resources group to lead the transaction, headed by Partner Anna Collyer and Senior Associates Nick Li and Emma Stacey.

Allens advised Meridian on all aspects of the transaction, including due diligence, regulatory aspects and negotiating the share sale agreement with TSI Fund.

According to Ms Collyer, this transaction is an important step for Meridian in strengthening its position in the Australasian renewables energy market.

'In addition to advising on the acquisition aspects, it was crucial for the firm to be able to apply its significant depth of expertise in the energy sector.

'It's exciting that Allens can be part of our client's success in building its presence in the Australian market, and equally as exciting to work alongside a client who is so committed to excellence in the renewable energy generation sector,' added Ms Collyer.

Mt Millar wind farm is located in South Australia approximately 100km south-west of Whyalla on the Eyre Peninsula. The site extends over a 7km long escarpment and produces enough electricity per year to power on average 36,000 Australian households.

Ends

Allens legal team Anna Collyer (Partner – Melbourne) Nick Li (Senior Associate – Melbourne) and Emma Stacey (Senior Associate – Melbourne)

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Allens Arthur Robinson has staff in 14 cities and eight countries across the Asia Pacific.