Banpu Energy Australia

A$288m acquisition of the Beryl and Manildra Solar Farms from New Energy Solar

June 2021

In June 2021, Banpu Energy Australia Pty Limited ("Banpu Energy") signed an agreement with New Energy Solar Limited to acquire 100% of the 110.9 MWDC Beryl Solar Farm and 55.9 MWDC Manildra Solar Farm, both located in Central West New South Wales.

Banpu Energy is a subsidiary of BANPU Public Company Limited, a leading international versatile energy provider based in Thailand, with total assets of +A$12 billion and +1,073 MW of committed renewable energy projects. Banpu Energy focuses on decarbonisation projects, energy services and portfolio optimisation.

Azure acted as financial adviser to Banpu Energy on the acquisition (which is expected to close shortly subject to satisfaction of customary conditions precedent), including the provision of valuation, structuring and strategic advice, and negotiation of relevant transaction agreements.