Herbert Smith Freehills Kramer has advised the Clean Energy Finance Corporation (CEFC) on its A$40 million investment in an A$81 million forestry plantation project in the Tiwi Islands, owned by Tiwi Plantations Corporation and managed by plantation and carbon management investment company, Midway Pty Ltd.
The CEFC's investment will support one of Australia's largest nature-based carbon initiatives for the planting native species to produce sustainable timber. The initiative is projected to generate 5 million high-integrity Australian Carbon Credit Units. The Tiwi Plantations Corporation is owned, operated and governed by all eight Tiwi clans, and will deliver substantial economic benefits for the Tiwi community, including training and employment opportunities.
The Herbert Smith Freehills Kramer team comprised Partners Fiona Smedley (Corporate), Elizabeth Charlesworth (Project Finance) and Cassandra Wee (PEI Corporate), Special Counsel Yorick Ng (Corporate), Senior Associate Elise Bulla (PEI), and Solicitors Shruti Janakiraman (Project Finance) and Madeleine Scott (PEI Corporate).
Herbert Smith Freehills Kramer has also advised the CEFC on its natural capital projects, such as the transforming farming platform managed by Gunn Agri Partners, as well as a range of other investments, including in QIC Global Infrastructure Fund II, construction debt facilities alongside Real Estate Credit Partners IV, Mirvac's build to rent venture, the Pacific Equity Partners' Secure Assets Fund II, Adamantem's Environmental Opportunities Fund, Macquarie Infrastructure and Real Asset's infrastructure platform, the Australian Renewables Income Fund, the Morrison & Co Growth Infrastructure Fund, the Investa Commercial Property Fund, and the Mirvac Wholesale Office Fund.