An electricity company to which Minter Ellison has acted as Australian counsel for many years has emerged as the successful bidder for a suite of green power assets of the New South Wales (NSW) government.
Trustpower has been approved to purchase Green State Power’s 58MW Hume hydro power station on the Murray River, the 27.2MW Burrinjuck hydro power station in south-west NSW, the 7.2MW Keepit hydro power station, the 9.9MW Blayney wind farm and 80 per cent of the 4.2MW Crockwell wind farm.
Minter Ellison has a joint corporate and energy and resources team advising Trustpower on the transaction, which was expected to complete at the end of July 2014.
The team is led by partners Nick Broome (mergers and acquisitions) and Paul Wentworth (energy and resources) and includes partners Anthony Borgese (commercial and regulatory), David McElhone (property), Duncan McGregor (environment and planning) and Gordon Williams (HR&IR). Also involved are special counsel Andrew Thrum (mergers and acquisitions) and Andrew Wright (property).
Established by the NSW government in June 2013, Green State Power operates the state’s renewable assets.
Trustpower, a publicly owned company listed on the New Zealand Stock Exchange, generates about five per cent of New Zealand’s power and is developing a wind farm in South Australia.