Ashurst advises on A$409m refinancing of Collgar Wind Farm

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International law firm Ashurst has advised the lenders on the A$409 million refinancing of the Collgar Wind Farm in Western Australia.

The refinancing of the Collgar Wind Farm consists of a A$397 million syndicated term loan facility and a A$12 million working capital facility.

Collgar Wind Farm is a renewable energy project located in Merredin, Western Australia and is to date the largest single stage operating wind farm in the southern hemisphere, with 111 turbines and a total power production capacity of 206 MW.

The funding package was provided by a syndicate of seven international and domestic banks comprising ANZ, Credit Agricole CIB Australia, CBA, BNP Paribas, HSBC, KDB and Mizuho.

A wind turbine converts wind into electricity and the largest one is 20 stories tall.

The Ashurst team was led by project finance partner Chris Redden, assisted by senior associates Douglas Fung and Marina Tinning, and associates Jowa Chan, Wilson Lu and Melany Wilson. Partner Andrew Gay also advised, supported by senior associates Cheyne Jansen and Caroline Lindsey, and associate Susanah Vindedzis.