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Corrs Chambers Westgarth advises ACEREZ on pioneering renewable energy project

Corrs Chambers Westgarth advises ACEREZ on pioneering renewable energy project


Corrs assists ACEREZ consortium in groundbreaking renewable energy zone project in New South Wales

Corrs Chambers Westgarth, a distinguished independent law firm in Australia, has provided crucial advisory support to a consortium comprising ACCIONA, COBRA, and Endeavour Energy (ACEREZ) on a transformative initiative. This project is aimed at establishing the Central-West Orana Renewable Energy Zone (REZ), with an ambitious target of delivering network capacity of up to 6 GW by 2038.

The ACEREZ consortium has entered a Commitment Deed with the NSW Government, outlining plans for the development, operation, and maintenance of the REZ transmission network over the next 35 years. This extensive endeavor involves the creation of high-capacity transmission lines, energy hubs, and essential infrastructure. The project's primary goal is to facilitate the connection of renewable energy generators to the electricity grid on an unprecedented scale, marking a significant stride in supporting the ongoing energy transition.

Partner Airlie Fox led Corrs' advisory team, offering comprehensive guidance to ACEREZ throughout the deal. The team received support from various Corrs partners, including Felicity Saxon, Rommel Harding-Farrenberg, Simon Huxley, Michael MacGinley, Jeremy Horwood, Jennee Chan, Paul Brickley, and Melanie Bond, alongside experts from diverse practice areas within the firm.

Expressing satisfaction with their involvement, Airlie Fox emphasized the global significance of this deal, highlighting ACEREZ's pivotal role in pioneering the nation's first renewable energy zone in Central-West Orana, fostering a sustainable energy future for New South Wales.

Fox further acknowledged the collaborative effort of Corrs' multidisciplinary teams, underscoring their pivotal role in achieving this significant milestone. The firm extends its best wishes to ACEREZ for the successful execution and realization of this groundbreaking renewable energy project.