Hogan Lovells advises Alinta Energy on landmark renewables agreement

The Australian Infrastructure, Energy, Resources and Projects team at Hogan Lovells conducted the legal due diligence and project financing on this landmark project, partially funded by the Federal Government, with A$90 million received from the Northern Australia Infrastructure Facility (NAIF), and A$24.2 million from the Australian Renewable Energy Agency (ARENA), together with subordinated debt and equity funding by Alinta Energy.

Up to 100 percent of daytime stationary energy requirements at Fortescue Metals Group (FMG)'s Chichester Hub iron ore operations will be powered by renewable energy following the construction of a 60MW solar photovoltaic (PV) generation facility at the Chichester Hub, comprising FMG's Christmas Creek and Cloudbreak mining operations. This is in addition to the construction of a 60 kilometer transmission line linking the mining operations with Alinta Energy's Newman gas-fired power station and a 35MW battery facility, to be completed in 2021.

It is expected the Pilbara region will have increased energy supply security, with regional communities and pastoral stations benefiting from a reliable, local energy source.

Hogan Lovells Partner, Ros O'Mally, said: “It was a pleasure to assist Alinta Energy throughout these complex negotiations with the Federal Government. The skills required to achieve a successful close for this milestone transaction played to our team's strengths, and adds to the firm's already enviable track record on significant infrastructure and renewable energy deals in Australia."

The Hogan Lovells team was led by Ros O'Mally and included Lisa Mazor (Senior Associate, Sydney), (Adam Aarons (Associate, Sydney) and Zachary Forrai (Paralegal, Sydney).