18 September 2018
Clifford Chance continues to lead in Mexico's energy market, advising on Laguna Solar project financing
Clifford Chanced acted for 174 Power Global, an affiliate of the Hanwha Group, as sponsor in the project financing for Laguna Solar, a 101 MW solar photovoltaic plant in Matamoros, Coahuila, Mexico.
The $74m facility was provided by Bancomext and the Korea Development Bank.
Partner Fabricio Longhin led the Firm's team, which included senior associate Alberto Haito and associates Alan Sakar Azuara and Eli Keene.
Clifford Chance is a leading international law firm with a significant presence in Latin America. Based on a deep cultural understanding of Mexico, Clifford Chance has participated in several notable transactions that have advanced the development of Mexico by advising both multinational companies and various financiers, including the first PIDIREGAS projects, self-supply projects, more than six projects awarded during the long-term auctions, and the first FIBRA E related to transmission assets.
The Firm has been involved in the Mexican Energy Reform since its conception and has a solid, first-hand understanding of the secondary regulations and bankability issues arising under the new PPA. Our attorneys have authored several articles on topics related to the electricity reform, including in respect of the main features of the PPAs used for the first three auctions and the new clearing-house. View our client briefings issued following Mexico's first, second and third power auctions.