International infrastructure investor John Laing has secured a 49.8% investment in the 112Megawatt Granville Harbour Wind Farm in Tasmania, Australia. The acquisition forms part of the company’s growing renewable energy portfolio in the region.
The remaining 50.2% of equity funding for the project will come from Palisade’s Renewable Energy Fund. The wind farm will provide enough clean energy to power more than 45,000 homes and will benefit from a long-term renewable energy power purchase arrangement with Hydro Tasmania.
The Pinsent Masons team acting on the transaction includes partners Ewan Robertson and Anthony Arrow, legal director Ed Kelly, lawyer Lisa Meyer and graduate lawyer Jessie Allen.