Clifford Chance
Clifford Chance advises Grenergy on a green USD 148 million financing for the construction of two solar PV projects in Chile
5 July 2023
- Eduardo Sánchez Roldán, Ángel Muñoz, Fabricio Longhin (He/Him), Alan Sakar, José Guardo
- Madrid, Washington D.C.
Clifford Chance advises Grenergy on a green USD 148 million financing for the construction of two solar PV projects in Chile
Clifford Chance has advised Grenergy Renovables on the senior financing for a total amount of USD 148 million, including other complementary credit lines, for the construction and operation of two solar PV projects in Chile with a combined capacity of approximately 300MWp, including a 241MW solar PV in Gran Teno and a 48MW solar PV in Tamango. This green facility complies with the Green Loan Principles (GLP).
The electricity produced by both plants will supply 164,611 homes, reducing CO2 emissions by more than 170,000 tons per year. In order to sell the generated energy, Grenergy entered into a PPA with an international utility for a period of 12 to 15 years.
The Clifford Chance cross-border team was led by Global Financial Markets Partner José Guardo, with the support of associates Eduardo Sánchez, Ángel Muñoz, Alejandro Cubillo and Elena Euba. US Partner Fabricio Longhin and Associate Alan Sakar provided support from the Washington, DC office.
