DLA Piper advises ACE Power on sale of renewable energy development portfolio to TagEnergy

Global law firm DLA Piper has advised the shareholders of ACE Power, a leading Australian renewable energy developer, on the sale of their renewable energy platform to TagEnergy. ACE Power has approximately 6 GW of solar PV, wind, and storage projects under development across Australia.

The transaction involved the sale of ACE Power's substantial pipeline of high-value solar PV, wind and storage projects under development in National Electricity Market and Wholesale Electricity Market regions, as well as its experienced and highly regarded development team. 

DLA Piper advised on all aspects of this milestone transaction, including transaction structuring, vendor due diligence, regulatory considerations, and drafting, strategic negotiation and execution of transaction documentation.

The DLA Piper team was led by Corporate partner Chris Mitchell and senior associate Maddison Hardiman, with support from senior associate Giacomo Bell, solicitor Kristen Politis, and graduate Pavi Paramasivam.

Commenting on the transaction, DLA Piper partner Chris Mitchell said: "This transaction is one of the most significant renewable energy transactions in Australia this year. This sale not only underscores the strength of the renewable energy pipeline in Australia but also demonstrates the continued appetite from leading global investors to support Australia's energy transition." 

The completion of this transaction continues a strong run of market-leading and industry-defining deals and projects that DLA Piper is advising on across the renewable energy sector in support of Australia's clean energy transition.

Additional support was provided by the broader DLA Piper Energy Transition team, including partners Stephanie Lambert (Real Estate), Alex Regan, and Alex Jones (both Finance); special counsel Kate Howson (Real Estate); Caroline Rowe, and Jade Nelson and Kat Perincek (all Finance).