Peter Staciwa
Clayton Utz
Partner
Sydney
Overview
Peter specialises in advising developers, sponsors, financiers and governments on the development, acquisition and financing of major energy and infrastructure projects. He has particularly deep experience in the renewables, gas/LNG, water and transport sectors, together with concessional financing structures.
He covers both the core project and commercial arrangements to the financing documents, utilising his deep project, leveraged and corporate finance experience gained both in Australia and from his 3 years in London.
Before becoming a lawyer Peter previously worked as an accountant and analyst for a private equity firm, giving him unique analytical and financial skills to provide commercial legal advice to his clients.
Clients entrust Peter with their deals because he is proactive, engaging and adept at distilling difficult problems into pragmatic solutions.
Notable Work
- WestConnex projects and sale (2016-2018): Advised RMS on the funding and financing arrangements of all three stages of the WestConnex project, including the $2 billion subordinated loan from the Commonwealth government. Peter also advised RMS on the sale of all three stages of WestConnex to the Transurban-led Sydney Transport Partners consortium. The sale is the winner of Deal of the Year in the Transport Category at the IJ Global Awards 2018 - Asia Pacific
- NorthConnex - RMS and TfNSW (2014): Advised the NSW Government on the Stage 3 assessment for the NorthConnex Project , which was the first transport infrastructure project to be procured under the NSW unsolicited proposals policy and is subject to a Federal funding commitment.
- Sydney Airport Link (2013-Present): Advised TfNSW on the ongoing funding and security arrangements in connection with the AirportLink concession.
- Sydney Metro Northwest (2014): Advised the NSW Government on the complex funding arrangements for Australia’s first, fully-automated, rapid transit system.
- Gold Coast Rapid Transit Stage (2010): Advised the banks (all of whom were international) funding the Stage 1 of the GoldLinQ consortium's successful bid to develop the Gold Coast Rapid Transit Project.
- Perth Stadium (2018-2019): Advising AMP Capital on its acquisition of a stake in the Perth Stadium PPP Project.
- Darling Harbour Live (2013 - 2018): Advised the NSW Government on the financing of the $1.5 Sydney international convention, exhibition and entertainment precinct PPP in Sydney's Darling Harbour. Peter also advised on both the construction and operations phase refinancings, together with the State's early exercise of its conditional debt pay down (CDPD) right. This project was is the winner of:
- Project of the Year in the Transport Category at the Infrastructure Partnerships Australia (IPA) Awards 2017.
- Partnerships Bulletin PPP Awards (Asia Pacific) - Best Operational Project - Gold - Darling Harbour Live, International Convention Centre, Sydney
- Macarthur Water Treatment Plant (2010-2018): Advised Commonwealth Bank on the project financing and subsequent refinancings of the Macarthur Water Treatment Plant including the 2018 Upgrade Works and the sale of the plant as part of Beijing Water's acquisition of the Trility group.
- Kooragang Island Water Treatment Plant (2017): Advised Colonial First State and Water Utilities Australia on the acquisition of the Kooragang Island Water Treatment Plant from Hunter Water.
- Trility Group (2017): Advised a bidder on their bid to acquire the Trility Group from Mitsubishi.
- Mundaring Water Treatment Plant (2014): Advised the lenders financing a bid for the Mundaring Water Treatment Plant PPP.
- Sydney Desalination Plant (2012): Advised on all aspects of the successful sale/refinancing of the Sydney Desalination Plant.
- Victoria Desalination Plant (2009): Advised the lenders financing a bid for the Victoria Desalination Plant PPP.
- Star of the South Offshore Wind Project (2017-Current): Advised Copenhagen Infrastructure Partners and Offshore Energy Pty Ltd on the development of the proposed A$10 billion 2GW ""Star of the South"" project, Australia' first offshore wind farm.
- Macarthur Wind Farm (2012 & 2015): Advised the bidders bidding for various stakes in the Macarthur Wind Farm.
- Woodlawn Wind Farm (2010): Advised Infigen on the project financing, the first merchant wind farm to be project financed in Australia.
- APLNG - project and corporate financing (Ongoing): Project and corporate financing counsel to the Australia Pacific LNG project. Peter advised APLNG on the original US$8.5 billion ECA project financing, as well as the subsequent US private placement and commercial bank refinancings. The first US private placement is the winner of two recent awards:
- Most Innovative National Firm of the Year at the 2019 International Financial Law Review (IFLR) Asia-Pacific Awards
- Deal of the Year - Midstream Oil and Gas at the IJ Global Awards 2018 - Asia Pacific
- North East Gas Interconnector (2015): Advised the Northern Territory Government on the financing aspects of North East Gas Interconnector Project.
- BG Pipeline (2014): Advised a bidder bidding for BG Group's $4 - $6 billion QCLNG liquefied natural gas pipeline assets in Queensland.
- Roy Hill transmission line (2014): Advised the senior lenders in relation to the project financing of a transmission line connecting the Alinta's Newman power station to Roy Hill.
- QCLNG (2010): Advised BG on the structuring and financing aspects of the QCLNG project including the train 1 arrangements with CNOOC & Train 2 of Tokyo Gas.
- Bunker Holding Group Financing (2019): Advised Deutsche Bank and the lender group on the Australian aspects of Bunker Holding group's US$1 billion corporate financing.
- Sarens Group (2019): Advised ING and the lender group on the Australian aspects of the Sarens group's corporate refinancing.
- Qualitas Healthcare Financings (2018): Advised Qualitas Healthcare Group on the Australian aspects of the Qualitas Healthcare Group's pre-IPO restructure and refinancing.
- Clyde Bergmann Group (2016): Advised the Clyde Bergmann Group on the Australian aspects of its corporate financing.
- Copenhagen Infrastructure Partners: Advised Danish fund manager Copenhagen Infrastructure Partners (CIP) on the establishment of the Australian parallel fund established as part of CIP's Copenhagen Infrastructure IV - the largest dedicated greenfield renewable energy fund globally. This is the first Danish, Luxembourg and Australian parallel fund structure in the world.
Insights
Your chance to shape the latest offshore wind regulations and transmission licence guidelines
2 May 2024 | Article
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Media Release: Clayton Utz supports CEFC on landmark investment in Southern Downs Renewable Energy Zone to connect Australia’s largest wind farm
22 Aug 2022 | Media Release
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What is the X factor in P2X? A transformative solution to decarbonising and renewable energy intermittency beyond hydrogen
25 Nov 2021 | Article
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Clean energy transition: NSW to offer revenue underwriting for selected renewable projects
19 Aug 2021 | Article
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Media Release: Clayton Utz advises on world's largest dedicated renewable energy fund
4 May 2021 | Media Release
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Media Release: Clayton Utz advises on two winning Deals of the Year at IJGlobal Awards - Asia Pacific
10 Apr 2019 | Media Release
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Media Release: Clayton Utz named Most Innovative Law Firm – Australia at 2019 IFLR awards
15 Mar 2019 | Media Release
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Clayton Utz acts for Denmark's CIP on investment in Australian-first A$8 billion offshore windfarm project
7 Dec 2017 | Media Release
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Is the Commonwealth Government waterproofing our future? The new National Water Infrastructure Loan Facility
28 Feb 2017 | Article
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