Greenwoods & Herbert Smith Freehills has advised Inversiones Capital Global, S.A., a subsidiary of Banco Santander, S.A., on the sale of the Taralga Wind Farm to Chinese power group SPIC Pacific Hydro Pty Ltd (SPICPH). Our affiliated firm, Herbert Smith Freehills, were also advisors on the transaction.
The transaction contemplates State Power Investment Corporation (SPIC) through its wholly-owned subsidiary SPICPH acquiring a 100% equity interest in the project together with the existing financing package.
The transaction is expected to close in April 2016.
The Taralga Wind Farm is located in southern New South Wales near Goulburn.