King & Wood Mallesons (KWM) has advised Transgrid on an underwriting agreement with the Commonwealth to expedite and secure orders for critical transmission equipment that will accelerate the delivery of essential transmission infrastructure for Australia’s energy transition.
The underwriting agreement will enable Transgrid to bundle their procurement for major projects such as HumeLink, VNI West and Energy Connect, to enable it to compete globally for highly-sought-after equipment and deliver critical infrastructure faster and cheaper for consumers.
The KWM team was led by Partner and Energy Sector Lead, Vishal Ahuja and supported by Senior Associate, Shirley Cheng and Solicitor, Tiffany Yang.
Commenting on the deal Vishal Ahuja said:
“Congratulations to Transgrid on securing this underwriting agreement that will play a strategic part in Australia transitioning to a clean energy future.”
The underwriting agreement facilitates Trangrid’s capacity to secure critical long lead items and is part of its broader Powering Tomorrow Together program that seeks to de-risk a highly competitive supply chain as energy companies seek to secure large-scale equipment, materials and skilled people to deliver a clean energy future.
KWM continues its contribution to shaping Australia’s transition, having also advised on various aspects of the Electricity Industry Roadmap, including the long-term energy supply agreements that underwrite renewables and long-duration storage.
