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DLA Piper advises ARENA on Coober Pedy Renewable Diesel Hybrid project

06 Apr 2016

DLA Piper has advised the Australian Renewable Energy Agency (ARENA) on the Coober Pedy Renewable Diesel Hybrid project, which has reached financial close.

The project involves a unique hybrid combination of 4 MW wind, 1 MW solar and a 1MW/250kWh battery with enabling and integration technologies to supply the Coober Pedy township with up to 70 per cent renewable energy over the 20 year project life.
 
The project will be developed, owned and operated by Energy Developments Limited and will be integrated with its existing 3.9 MW diesel power station. ARENA is providing $18.4 million funding support, enabling the project to reach financial close.
 
The DLA Piper team was led by partner David Harley with support from senior associate Kate Papailiou and partner Dan Brown.
 
David Harley said: "DLA Piper is excited to have assisted ARENA on this next-generation micro-grid project and by the potential such renewable solutions have in providing cleaner, more affordable and secure power supply in off-grid locations."

Matter Type
Banking & Finance - Capital Markets: Structured/Project Finance
Industry
Energy & Utilities
News Category
Energy, Utilities & Natural Resources