Herbert Smith Freehills advised Banco Santander subsidiary Inversiones Capital Global on the sale of the Taralga wind farm in New South Wales, Australia.
The wind farm was sold to China’s State Power Investment Corporation (SPIC), which was advised by King & Wood Mallesons on the deal.
The transaction was valued at €202m, according to Mergermarket data.
The 107MW Taralga wind farm, which has a 10-year power purchase agreement with EnergyAustralia, was built at a cost of $280 million. The sale price includes its current debt – around $200 million – which SPIC is expected to refinance.