MinterEllison and Norton Rose Fulbright have advised Denmark’s Vestas on a deal to supply turbines for Mongolia's 50 MW Tsetsii wind farm. Baker & McKenzie.Wong & Leow is representing the sponsors, while Allen & Overy are acting for the joint financers.
Vestas will supply 25 wind turbines to the wind farm, expected to be up and running by late 2017. The project is part of Mongolia’s goal to boost renewable energy generation – currently at 7 percent – to 20 percent by 2023 and 30 percent by 2030.
Tsetsii wind farm, located approximately 540 kilometres south of capital Ulaanbaatar, is being developed by sponsors Clean Energy Asia, which is jointly owned by Mongolia’s Newcom Group and Japan’s SoftBank Energy Corp. The European Bank for Reconstruction and Development and the Japan International Cooperation Agency are co-financing the project.
The MinterEllison team was led by partners Sebastian Rosholt, Michael Creedon and Christian Pellone, and also involved Dunnaran Baasankhuu, a partner with Mongolian firm MEMGL. Baker & McKenzie.Wong & Leow’s team was led by Martin David, head of the Singapore projects practice, while partner Scott Neilson took the helm for A&O.