Baker advises Korea Zinc on Australia wind farm deal

Baker advises Korea Zinc on Australia wind farm deal

Baker McKenzie has advised a global smelting company, Korea Zinc, on its partnership with Spanish infrastructure company ACCIONA to develop a 923MW wind farm in the state of Queensland, Australia.

Brisbane-based energy partner Tanya Denning led the team, with the support of special counsels Sarah Merrett and Lauren Kirkwood in Brisbane, senior associates Robert Gough in Melbourne, and Lev Gantly in Sydney, and associate Daniel Conti in Melbourne.

“This deal demonstrates Korea Zinc’s strong commitment to renewable energy in Australia … sourcing 100% of its energy from renewables by 2040,” said Denning.

The joint venture arrangements will give Ark Energy, a subsidiary of Korea Zinc, a 30% stake in the MacIntyre wind farm, ACCIONA’s largest renewable project that is expected to be fully operational in 2024. Ark Energy and ACCIONA will together pursue the late-stage development, construction, operation and maintenance of the wind farm.