Project finance in Australia

Allens

Allens is home to a highly experienced project finance team whose wide-ranging practice encompasses the full lifecycle of infrastructure projects across key sectors, including transport, affordable housing and the energy transition. With in-depth knowledge of project finance and acquisition finance transactions, Melbourne-based Michael Ryan spearheads the team, frequently advising borrowers and lenders across the power, infrastructure, resources, oil and gas sectors. James Darcy stands out for his work in infrastructure financing, in particular PPPs, while Nicholas Adkins is recognised for advising on mining, oil and gas project finance. Lisa Zhou exhibits proficiency across an array of sectors, advising financiers, sponsors and borrowers in the renewable energy, infrastructure, and healthcare industries. Tristan Kelly is particularly well-placed to advise on market-leading renewables transactions, including offshore wind, solar and BESS projects.

Praxisleiter:

Michael Ryan


Weitere Kernanwälte:

James Darcy; Nicholas Adkins; Lisa Zhou; Tristan Kelly; Scott McCoy


Referenzen

‘Allens‘ project finance team is truly in a league of its own. Their experience and understanding of complex project financing, particularly in getting to financial close, is simply unparalleled in the market.‘

‚The team possess an extraordinary grasp of every detail, anticipating challenges and meticulously navigating the intricate process required for successful closure.‘

‚What truly sets them apart is their proactive, solution-oriented approach – they don’t just advise, they partner with you, knowing precisely what needs to be done to drive the project forward and achieve financial close, even on the most innovative and challenging transactions.‘

Kernmandanten

BCI Minerals


Illuka Resources Limited


ACEREZ Partnership


Sydney Desalination Plant Pty Ltd


Phoenix Energy Australia Pty Limited


Global Power Generation Australia Pty Ltd


Endeavour Energy Group


Partners Group Investment Services AG


Squadron Breeze Finco Pty Ltd


Genex Power Limited Group


Kinetic TCo Pty Ltd


NewGen Power Kwinana Pty Ltd


Nexif Energy Australia Pty Ltd


FRV Solar Holdings 1 BV


QIC Limited


Capella Capital Group


Transurban


Mineral Resources Limited


Zen Energy Group


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  • Advised QIC on the joint investment of almost $1 billion by the Australian and Queensland Governments in technology company PsiQuantum to build the world’s first fault-tolerant quantum computer.
  • Advised a syndicate of 11 domestic and international banks on a $2.3 billion portfolio financing platform for Spanish renewables developer Global Power Generation Australia (GPG Australia).
  • Advised Akaysha Energy on the $650 million financing of its Orana Battery Energy Storage System (BESS).

Ashurst

Ashurst has a comprehensive project finance offering, allowing the team to advise lenders, borrowers and sponsors on syndicated facilities, novel financing structures, portfolio financings and refinancing. The group is led by a capable quartet – Gaelan Cooney and Marina Tinning in Perth, and Chris Redden and David Mason in Sydney. Cooney is recommended for his expertise in counselling sponsors on project financings in the energy and resources sector, while Tinning has longstanding experience in advising on international project finance transactions in the infrastructure industry. Redden brings to the table extensive cross-border financing experience in the energy, gas and oil industries, while Mason is frequently sought after by rated and unrated borrowers, as well as commercial lenders and government-owned institutions. Douglas Fung has in-depth knowledge of the structure of debt funding arrangements, bankability of project documents, multi-source financing solutions, and advising on intercreditor arrangements.

Praxisleiter:

Gaelan Cooney; Chris Redden; David Mason; Marina Tinning


Weitere Kernanwälte:

Douglas Fung


Referenzen

‚The Ashurst team combines a detailed understanding of the client’s funding requirements and business status with an intricate knowledge of the legal and regulatory requirements that are possible in structuring the funding arrangements. They provide frank and practical advice to assist the client in navigating the negotiations with lenders to ultimately deliver the best possible outcome.‘

‚The individuals in the team are very knowledgeable on all the legal aspects of project financing and take the time to understand the respective client’s requirements and goals. They are very personable and work together as a true team covering for each other so that there are no gaps in the timing of the service delivery.‘

‚The team have strong understanding and experience of project and corporate finance and how to apply it in the mining or other industry. The team are very proactive and engage in the assignment, they have the ability to explain complex legal matters in an understandable and simple way.‘

Kernmandanten

Black Rock Mining


Vault Minerals


Eku Energy


Ark Energy


Akaysha Energy


Potentia Energy


Arafura Rare Earths


Rabobank


Santos


Australian Renewable Energy Hub (AREH) Project Consortium (bp, InterContinental Energy, CWP Global) currently operated by bp


Pacific Energy


Sandfire Resources


Woodside


Amp Energy


Northern Australia Infrastructure Facility (NAIF)


Deterra Royalties


Vena Energy


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Corrs Chambers Westgarth

Corrs Chambers Westgarth’s practice spans an array of industries with a well-established client base including major developers, private investors and public sector clients. The team is recognised for handling acquisition finance, refinancing, and consortium and syndicated financing. The practice group is led from Sydney by experienced partner Adam Stapledon, who provides particular expertise in implementing complex multi-source financing structures. Clare Corke regularly advises a wide range of stakeholders across the natural resources, property, infrastructure and energy sectors on leveraged finance, syndicated debt and debt capital markets. Paul Brickley excels in counselling government bodies and financiers on large-scale infrastructure projects, while Catherine Dawson provides expertise in international and domestic transactions. Julie Myers is a key name to note for advising on bilateral and syndicated facilities. Paul Sroka joined in September 2024 from HWL Ebsworth, reinforcing the firm’s real estate and agribusiness capabilities, whilst Andrew Daidone was promoted to the partnership in July 2025.

Praxisleiter:

Adam Stapledon


Weitere Kernanwälte:

Clare Corke; Paul Brickley; Catherine Dawson; Julie Myers; Paul Sroka; Andrew Daidone; Rommel Harding-Farrenberg


Referenzen

‘Corrs have been reliable and efficient over the years I’ve worked with them in the commercial energy contracts and project financing space. They are responsive and consistently meet required deadlines, providing pragmatic advice that’s fit for the intended purpose.’

‘Paul Brickley regularly advises on project financing arrangements. His attention to detail and diligence assessing financing or legal risks relevant to our contracts and perspective ensures billing efficiency, consistently meeting our requirements and timelines.‘

‘I have worked with Corr’s project finance team, specifically Paul Brickley, on several high profile transactions as well as ad hoc disputes on several PPP contracts. I have found the the advice to be pragmatic and commercial in all circumstances which is what is required by the client.‘

Kernmandanten

ACEREZ Partnership


Cross Yarra Partnership


Macquarie Bank


Palisade Investment Partners


BUMA International Group


Tetris Capital Pty Ltd


Queensland Investment Corporation


Australia and New Zealand Banking Group


DIF Capital Partners


Commonwealth Bank of Australia


Highlight-Mandate


  • Advised ACEREZ Partnership, a consortium between Acciona, Cobra and Endeavour Energy, on the multi-billion dollar project financing for the Central West Orana Renewable Energy Zone.
  • Advised a consortium of M Resources Pty Ltd and Golden Energy and Resources Pte Ltd on the syndicated financing of its US$1.65 billion (approximately A$2.5 billion) acquisition of the Illawarra Metallurgical Coal business from South32.
  • Advised Tetris Capital, a leading social infrastructure developer and investor, on a landmark matter involving the development of 483 affordable homes in Queensland.

Herbert Smith Freehills Kramer LLP

One of the preeminent law firms in Australia for project finance, Herbert Smith Freehills Kramer LLP is regularly turned to by clients in the renewable energy, battery storage, and social and economic infrastructure sectors. The group frequently receives mandates to advise on green loans, consortium and syndicated financings, PPPs, BESS projects, and project finance disputes. At the helm of the practice in Sydney, Erin Wakelin is well known for the depth of her expertise in project and infrastructure finance matters, particularly PPPs and development financing. Elizabeth Charlesworth focuses on matters relating to emerging technologies and the energy transition, while Gerard Pike maintains a strong position in the market as a point of contact for the financing of renewable energy projects. Miles Wadley has established experience in the infrastructure and power projects industries, advising clients on transmission assets, social and transport PPPs, and secondary market acquisitions.

Praxisleiter:

Erin Wakelin


Weitere Kernanwälte:

Elizabeth Charlesworth; Gerard Pike; Miles Wadley


Kernmandanten

NSW Government


Transport for NSW


Energy Corporation of NSW


CIMIC Group (including Pacific Partnerships and UGL)


Ferrovial


TasNetworks / Marinus Link Pty Ltd


Missions Australia Housing


Macquarie Group


Capella Capital / Lendlease


Australia and New Zealand Banking Limited


Commonwealth Bank of Australia


National Australia Bank


Westpac Banking Corporation


AGL Energy


RES


John Holland


Alinta Energy


Gamuda


DP World


Acciona


QIC


PsiQuantum


BCI Minerals


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King & Wood Mallesons

King & Wood Mallesons holds a strong position within the project finance space, leveraging the firm’s wider energy transition, engineering procurement, construction dispute resolution and regulatory compliance expertise to assist clients across the social housing, energy, transmission, renewables and transport infrastructure sectors. The practice group is co-led by experienced partners Claire Rogers in Sydney, who specialises in infrastructure, energy, renewables and PPPs, and Jeff Clark in Melbourne, who focuses on advising clients engaged in major infrastructure and energy projects. Jo Crew remains the first port of call for numerous sponsors and financiers on the development, financing and acquisition of major renewable energy projects. Tim Ma is particularly well-placed to advise on infrastructure financing in the health, transport and energy sectors, while Chris Dynon covers a wide array of matters related to energy infrastructure, PPPs and mixed-use developments. Amy Maguire, who was promoted to partner in July 2024, is also noted.

Praxisleiter:

Claire Rogers; Jeff Clark


Weitere Kernanwälte:

Jo Crew; Tim Ma; Chris Dynon; Catherine Danne; Rebecca Finkelstein; Amy Maguire


Referenzen

‘Top class people, with connections across the industry.’

‘Chris Dynan and Jo Crew are both stand out partners and leaders in the Australian PF space in the renewables industry.’

‘The team have longstanding expertise across a wide range of transactions, problem solving ability, credibility with sponsors and lenders, team depth, excellent and timely client service.’

Kernmandanten

Exemplar Health consortium


Darwin LNG Bank Syndicate


Clean Energy Finance Corporation


Clean Energy Finance Corporation


Aula Energy


Lenders to Akaysha Energy’s Orana BESS


John Laing Group


Plenary No


Housing Australia


Northern Australia Infrastructure Facility


ANZ


Highlight-Mandate


  • Acted for lenders on the $650M project financing of Akaysha Energy’s Orana Battery Energy Storage System (BESS), comprising domestic banks and international banks (ANZ, BNP Paribas, CBA, CIBC, DBS, ING, Mizuho, Rabobank, Siemens, SMBC and Westpac).
  • Acted for Housing Australia, Northern Australia Infrastructure Facility and ANZ on the financing of a Queensland social and affordable housing project, developed by a consortium led by Tetris Capital and Community Housing Limited.
  • Advised the Exemplar Health consortium (comprising Capella Capital, Lendlease, Honeywell, Compass Group and Invesis) on the New Melton Hospital PPP Project.

White & Case

White & Case maintain a strong position in the project finance arena, with the team’s lawyers exhibiting proficiency across infrastructure and energy matters from environment, land access and construction contracts to secondary market sales. The group retains significant strength in the renewable energy, mining and critical minerals sectors. The team is jointly steered by Brendan Quinn and Joel Rennie - based in Melbourne, Quinn is a noted specialist in the energy and natural resources industries, while Rennie leads the practice from Sydney, regularly advising export credit agencies and international sponsors in the thermal power, LNG and gas sectors. Paul Marshall is a name to note for clients requiring advice on offtake agreements and the financing of large-scale conventional and renewable energy projects. Andrew Clark departed the firm in August 2025.

Praxisleiter:

Brendan Quinn; Joel Rennie


Weitere Kernanwälte:

Paul Marshall; Candice Ota; Ged Cochrane; Andrea Reeves; Isabella Jarrett


Referenzen

‘Great people who listen to the client to achieve the client’s aims.’

‚Smart, firm but not egotistical and don’t get in the way of the client’s aims, but help achieve them and are savvy enough to know how to manage lawyers on the other side.‘

‚Brendan Quinn, Candice Ota, Paul Marshall, Ged Cochrane and Andrea Reeves are very familiar with the industry and experts in their areas.‘

Highlight-Mandate


  • Advising the exiting and incoming lenders in respect of the refinancing of the senior debt funding for the Northern Territory Secure Facility PPP project.
  • Acting as borrowers’ counsel on behalf of AREH in relation to the project financing of the AREH Green Hydrogen Project and associated Pilbara Green Link located in Western Australia.
  • Advising Fotowatio Renewable Ventures on the A$1.2 billion portfolio financing of eight PV plants with a total installed capacity of 1GW and a stand-alone BESS.

Clayton Utz

Clayton Utz remains the first port of call for an array of clients within the infrastructure, energy and resources sectors, with the team’s strong roster of lawyers advising sponsors, financiers, equity participants, and government entities on structuring, negotiating, and carrying out complex financing transactions. Marcus Davenport is known for his strong knowledge of large-scale PPP projects and is frequently sought after by financial institutions as well as both private and government clients. Dan Fitts is a notable contact for the negotiation and documentation of major privately financed projects, both domestically and internationally, in the power, health and transport industries. Kate Casellas is a key advisor on matters relating to portfolio financing in the renewables sector. The team was further strengthened by Tim Stanton's promotion to partner in July 2024 and the additions of Brendan Smith, who joined from Baker McKenzie in March 2025, and new head of energy Alexander Danne, who joined from Gilbert + Tobin in July 2025.

Praxisleiter:

Alex Schlosser


Weitere Kernanwälte:

Marcus Davenport; Dan Fitts; Kate Casellas; Tim Stanton; Brendan Smith; Alexander Danne


Referenzen

‘The team are detailed and thorough but also commercial. They take the time to understand our business and operations, which enables efficient processes.’

‘Tim Stanton has been instructed on several deals recently. He is prompt and proactive in providing responses. He is across the detail which means we are able to produce a better product for clients.’

Kernmandanten

Homes Victoria


VicGrid


Develop Global Limited


Alinta Energy


Plenary Group


Department of Transport and Planning (DTP)


North East Link State Tolling Corporation


Highlight-Mandate


  • Advising Alinta Energy on the offshore partnering for its Spinifex Offshore Wind project in the Southern Ocean offshore wind zone (Portland).
  • Advising VicGrid on the Marinus Link interconnector project between Victoria and Tasmania.
  • Advising the Victorian Government on the AUD15bn ISnNELP, as lead adviser to the State Tolling Corporation, a first-in-kind statutory corporation that will manage tolling and operation of the NELP.

Norton Rose Fulbright

Norton Rose Fulbright is a reference in the market for clients in the energy, mining, critical minerals, and digital infrastructure sectors, with the group’s varied case load including debt and equity financing, capital markets issuances and PPP financings. The team also leverages connections to the firm’s climate and carbon markets practice team to advise on decarbonisation and carbon capture projects as the firm increases its focus on energy transition projects. Brisbane-based practice head Kate Muller stands out for front-end energy transactions, while Nick Sinclair is a key contact for debt financing and offtake agreements. Kit Man Cheng is a name to note in the renewables and resources spaces.

Praxisleiter:

Kate Muller


Weitere Kernanwälte:

Nick Sinclair; Kit Man Cheng


Kernmandanten

Quinbrook Infrastructure Partners


Tenaga Nasional Berhad


Spark Renewables


DBS Bank


SMBC


Progress Power


Air Trunk


ESR Australia


Nomura Securities


Appian Capital


Strike Energy


Robex Resources


Highlight-Mandate


  • Advising QIP on a significant BESS project, including closing Stages 1 and 2.
  • Advised DBS Bank, SMBC and Siemens in their capacity as mandated lead arrangers on the project financing of the Gunsynd Solar Farm, a greenfield 94MWac solar PV project located in Goondiwindi, Queensland.
  • Advising Progress Power on all aspects of its Springvale BESS project, including CIS tender, procurement, construction, financing and equity raising.

Clifford Chance

Clifford Chance‘s project finance team is well known in the market for advising across the full remit of project finance matters, with significant expertise in structured renewables portfolio financings, clean hydrogen and energy storage projects. Drawing on the firm’s international presence, the team acts closely with the wider corporate, finance and disputes practices to advise on project finance matters across the domestic and global market. Leading the team in Sydney, Chad Bochan specialises in advising on energy and infrastructure financings as well as transition mandates for domestic and international clients. Nadia Kalic is another name to note.

Praxisleiter:

Chad Bochan


Weitere Kernanwälte:

Nadia Kalic


Highlight-Mandate


  • Acted as legal deal advisor to Brookfield on its contemplated acquisition of a majority block of shares in Neoen from Impala, Fonds Stratégique de Participations and the CEO of Neoen and other shareholders, to be followed by a mandatory simplified cash tender offer.
  • Providing ongoing ad hoc advice to the finance parties on the financing arrangements with respect to the Pluto Train 2 LNG project.
  • Advised BlackRock’s Climate Finance Partnership Fund on its investment in Ditrolic Energy Holdings Sdn Bhd, one of the largest renewable energy developers in Malaysia and South East Asia.

Gilbert + Tobin

Gilbert + Tobin has a longstanding reputation for advising major sponsors, contractors, and financiers on high-profile infrastructure projects across the transport, energy, social infrastructure, health, water and waste sectors. At the helm of the practice in Sydney is John Schembri, a seasoned project finance practitioner, who is especially proficient in handling the financing of major infrastructure, renewables, and resources projects. Adela Smith bolsters the team’s offering through her expertise in corporate, leveraged and acquisition finance debt transactions in relation to infrastructure and energy projects. Simon Lynch is capable of advising on the full gamut of project finance-related issues, including corporate facilities, restructurings, LBOs and acquisition financings, while Dom McGreal has notable proficiency in derivatives transactions and international offtake arrangements. The team’s expertise was also strengthened through the promotion of Alex Tonkin to partner and the arrival of Jamie Guthrie from Allens in July 2025.

Praxisleiter:

John Schembri


Weitere Kernanwälte:

Adela Smith; Simon Lynch; Dom McGreal; Caroline Mathie; Alex Tonkin; Jamie Guthrie


Referenzen

‘The G+T team is extremely diligent and very collaborative. All of our needs are always met, we have a longstanding relationship and the team has a very good understanding of our business and our needs.’

‘The individuals we deal with go above and beyond to provide the service we need. Their dedication is second to none, and those stand out partners include Adela Smith.’

‚Adela Smith, Caroline Mathie and the team have been a revelation. Generous with their expertise, wise, pragmatic, and exceptionally diligent. They have been able to meet everyone on the deal where they are at. We have also been impressed with their use of charity, tax and other teams when required. I couldn’t recommend them more highly.‘

Kernmandanten

Vocus Group


Macquarie Asset Management


Aware Super


Deutsche Bank AG


Deutsche Bank


Royal Bank of Canada


Société Générale


Standard Chartered


Sumitomo Mitsui Banking Corporation


UBS AG


Westpac


MUFG Bank


Mizuho Bank


Bank of China


Banco Santander


Housing Australia


Commonwealth Bank of Australia


Tetris Capital


Kumul Minerals


Amplitude Energy


Highlight-Mandate


  • Advised Vocus Group on its A$5.8 billion bid for TPG Telecom’s assets, including a complex debt financing involving a large number of syndicate lenders.
  • Advised Deutsche Bank AG, the MLABs and the original lenders on all Australian law aspects in relation to the financing of Blackstone’s A$24 billion acquisition of AirTrunk.
  • Advised the MLAUBs on the US$600 million financing of EIG’s acquisition of Tokyo Gas’ interests in the Gorgon LNG, Pluto LNG and Queensland Curtis LNG projects.

Minter Ellison

Minter Ellison’s project finance group is jointly steered by Jordan Phillips in Brisbane and James Mok in Sydney, with the team showcasing a strong track record in handling work across the entire project lifecycle, from finance arrangements to project documentation. Gemey Visscher is a key contact for banks and resources companies seeking assistance with the financing of major projects in the energy and resources sector. Paul Paxton has longstanding experience in PPP project delivery and policy development for private and government clients, while Peter Block is rated for his breadth of knowledge in infrastructure projects, from bid processes to secondary market sales.

Praxisleiter:

Jordan Phillips; James Mok


Weitere Kernanwälte:

Gemey Visscher; Paul Paxton; Peter Block


Kernmandanten

Ramelius Resources Limited


Victorian Government


Heritage Minerals Pty Ltd


Plenary Group


Commonwealth Department of Climate Change, Energy, the Environment and Water


Australian Department of Industry, Science, Energy and Resources


New South Wales Government


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