The signing of the largest renewable power purchase agreement (PPA) was announced today, with Rio Tinto to purchase 80% of electricity from Windlab’s 1.4GW Wind Renewable Energy Hub in Bungaban, Queensland. The project will require up to 204 wind turbines, and is estimated to generate enough clean energy to power 740,000 Queensland homes.
The HSF team was led by Projects, Energy and Infrastructure (PEI) Partner, Gerard Pike and supported by solicitors, Jeremy Soh, Tia Liu and Alice Dales.
HSF Partner, Gerard Pike said it was a pleasure to advise Windlab on this landmark deal.
“This deal is a significant milestone for not only our client, Windlab, but for Australia’s energy transition ambitions, with an expected 4 million tonnes of carbon to be eliminated each year once the Bungaban project is operational,” Mr Pike said.
“Windlab has played a foundational role in establishing Australia’s wind energy industry, and this latest deal has only bolstered their renewable energy development portfolio and provided a long-term sustainable solution to powering heavy industry in the Queensland region,” he said.
Windlab’s CEO, John Martin, said the construction of the project is expected to start late next year.
“Bungaban is our most mature project within our South Queensland Renewable Generation Hub, which consists of wind, solar and battery storage projects. It’s a significant project within our renewable energy portfolio and we’re excited to bring it to life.”
“We would also like to thank Gerard and the team at Herbert Smith Freehills for their outstanding advice to date on this complex project,” he added.
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