King & Wood Mallesons has advised Guohua Energy Investment Co. (Guohua) on its acquisition of a 75 percent stake in Hydro Tasmania’s 168-megawatt Musselroe wind farm project.
Under the agreement, Shenhua Clean Energy Holdings, a joint venture of Guohua and Shenhua Hong Kong Ltd., and Hydro Tasmania will establish a joint venture, Musselroe Wind Power Holdings, to develop the project.
Construction of the Musselroe wind farm project commenced at the end of 2011 and is expected to be operational in June 2012. Upon completion, the total installed wind power capacity of Guohua in Australia will exceed 300-megawatts.
The Australian King & Wood Mallesons team was led by banking and finance senior associate Claire Rogers, who was supported by solicitor Colin Wong. The China King & Wood Mallesons team was led by partner Jin Xiong, who was supported by senior lawyer Robin Teow.
Claire Rogers said: “We are delighted to have been involved in Guohua’s second investment in the Australian renewable energy sector. The cross-border nature of the deal meant that our Sydney and Beijing offices worked closely to deliver an integrated, seamless legal service to Guohua in multiple languages, a level of support which has been enabled through our firm’s combination in March last year.”
King & Wood Mallesons previously advised SCEH on its acquisition of a 75 per cent stake in the Bluff Point 65-megawatt and Studland Bay 75-megawatt wind farms in Woolnorth, Tasmania for $88.6 million in early 2012.
