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Energy

Supporting Australia’s transition to renewable energy

Largest sale transaction for an operational wind farm in Australia by value.

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Sector Energy
Sub-sector Renewable
Location Australia

Opportunity

Palisade Investment Partners (Palisade), on behalf of funds managed by Palisade and First State Super, sought to grow and diversify their Australian renewable energy portfolio through the acquisition of the 270MW Snowtown 2 Wind Farm from Tilt Renewables (Tilt).


Approach

Macquarie Capital acted as financial adviser and debt arranger to Palisade on the acquisition, successfully navigating a highly competitive sales process.

The project reached financial close in December 2019, shortly after entering into binding sales arrangements.

Outcome

Macquarie added value across various aspects of the project’s operational and financial elements, resulting in the largest sale transaction for an operational wind farm in Australia by value.

Largest sale transaction

for an operational wind farm in Australia

~$A1,073m

enterprise value

270MW

capable of generating 270MW of energy, equivalent to providing power to over 140,000 homes per year

$A472m

proceeds to Tilt

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