Herbert Smith Freehills has advised Energy Development Corporation (EDC), affiliate of First Gen Corp, on conditional contracts for the construction of the 87 MW Burgos Wind Farm in Ilocos Norte, Philippines – the largest wind farm in the Philippines that will generate electricity for more than a million households.
Herbert Smith Freehills has been engaged by EDC, the world’s largest integrated geothermal producer, on the project since 2010 and advised on an extensive tender process for the EPC Contract and maintenance arrangements for the wind farm, sub-station and 42 kilometre transmission line.
Tender negotiations were carried out over a three year period involving extensive negotiations both in Manila and Australia.
The Herbert Smith Freehills team was led by partner Toby Anderson from the Sydney office along with senior associates Adeline Pang and Mark Montag, working closely with EDC’s commercial and legal teams.
‘We were delighted to be given the opportunity to work alongside the EDC team on such a significant project for the renewable energy sector in the Philippines,’ Anderson said
‘The Burgos Wind Farm is a great example of our ability to export our expertise into countries outside of Australia.’
EDC Director, Jon Russell said, ‘EDC initially selected HSF based upon its extensive track record in working with developers on the development and financing of similar renewable similar projects both in Australia and abroad. I am very pleased to say HSF’s experience did indeed prove invaluable in achieving a very satisfactory outcome in the negotiation of the project agreements for the Burgos Wind Farm.’
The Burgos Wind Farm continues Herbert Smith Freehills role in advising EDC on the development of its renewable energy asset portfolio. Herbert Smith Freehills recently acted on a geothermal relocation project on the island of Negros, Philippines and is assisting on a number of hydro power projects for EDC and First Gen Corp.
Herbert Smith Freehills has recently advised on a number of key deals in the energy sector, including:
- advising PetroChina on its acquisition of an interest in two Western Australian exploration assets from ConocoPhillips
- advising China National Offshore Oil Corporation (CNOOC) on its entry into a Heads of Agreement with BG Group for the acquisition of major interests in the Queensland Curtis LNG (QCLNG) project in Australia for $1.93 billion and the sale of liquefied natural gas (LNG)
- advising AGL Energy on its proposed solar power stations in Broken Hill (50MW) and Nyngan (100MW) (NSW)
- advising on the US$34 billion Ichthys LNG project in the Browse Basin offshore Western Australia
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