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Clifford Chance advises Actis on inaugural acquisition of solar plant from SunPower Corporation

12 February 2018

Clifford Chance advises Actis on inaugural acquisition of solar plant from SunPower Corporation

Clifford Chance has advised Actis on its acquisition of an 110MW El Pelicano Solar Plant ("El Pelicano") in Chile from SunPower Corporation. El Pelicano commenced commercial operation on November 2017. The project is expected to deliver 300GWh of electricity annually to Metro de Santiago, Santiago's underground railway system.

Actis is a leading investor in growth markets across Latin America, Africa and Asia, and a longstanding client of the Firm, having worked with Clifford Chance's LatAm team on a number of transactions. The Firm has also recently advised the AELA Group, a joint venture owned by Actis and Mainstream Renewable Power, on the financing of the development of the 170 MW Sarco and 129 MW Aurora wind farms located in Chile.

The Firm's cross-border team advising Actis was led by partners David Brinton (New York) and Nicholas Hughes (London) with the support of partner Jose Guardo (Madrid) and senior associate Thais Garcia (NY). Other team members included associates Spencer Orton (NY), Lane Feler (NY), Mark Sheehy (NY), Patricio Abal (DC), Marta Ruiz (Madrid), Pablo Cancelo (Madrid) and Jonathan Dillon (London).

Clifford Chance has been recognized for decades as a preeminent law firm in Latin America, known for successful, novel financing structures and its signature ability to drive innovation across the entire region. Our LatAm team regularly advises on complex, cross-border mergers and acquisitions, both inbound and outbound and for both international and Latin America-based organizations. The Firm is currently ranked No. 1 for deal volume (reflecting a 12.7 percent market share) in Bloomberg's 2017 Global M&A Heat Map in LatAm – a reflection of our team's commitment to innovation and deep engagement across the entire Latin America market.