Allen & Overy advises Palisade on its acquisition of Snowtown 2 Wind Farm
18 December 2019
Allen & Overy has advised Palisade Investment Partners (Palisade) on its acquisition of the Snowtown 2 Wind Farm from Tilt Renewables.
Snowtown 2 is one of Australia’s largest wind farms, located on the Barunga and Hummocks Ranges in South Australia. It comprises 90 Siemens Gamesa Renewable Energy Turbines, capable of generating approximately 270MW of energy.
Palisade is a specialist independent infrastructure manager, offering institutional investors access to Australian infrastructure projects, focusing on mid-market assets. Palisade’s Renewable Energy Fund, also known as PREF, invests in renewable energy assets in the Australian market.
The A&O team on the deal was led by project finance partner James Abbott, corporate partner Jamie Palmer and projects partner Simon Huxley.
“This was a highly competitive transaction and we congratulate Palisade and its investors on the successful acquisition of a very significant asset within the Australian renewable energy market.” said James Abbott, lead partner on the deal.
Macquarie Capital advised Palisade, Lazard advised Tilt, Ashurst advised Palisade’s financers, Gilbert + Tobin was Tilt's legal adviser and KPMG advised on tax matters.
For further information, please contact Georgia Bennett, firstname.lastname@example.org, on 02 8920 0700.