King & Wood Mallesons advises on cross-border wind farm acquisition

King & Wood Mallesons has advised Guohua Energy Investment Co (Guohua) on its acquisition of a 75 per cent stake in Hydro Tasmania’s 168MW Musselroe wind farm project.

King & Wood Mallesons has advised Guohua Energy Investment Co (Guohua) on its acquisition of a 75 per cent stake in Hydro Tasmania’s 168MW 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.