Guerrero Olivos counsels oEnergy on Chilean photovoltaic development

Guerrero Olivos has assisted oEnergy Capital on a JV to develop a 120MWp photovoltaic portfolio in Chile

oEnergy Capital and BEE Sudamérica, an affiliate of German energy group Blue Elephant Energy, entered into a joint venture for the development, construction, debt structuring, operation and maintenance of approximately 120 MWp 12 solar photovoltaic projects in Chile.

Relevance to this transaction is that oEnergy will maintain energy projects on a long term for the first time. Until recently, its business’ core was to develop, build, and sell the projects on a short term and then continue with the operation and maintenance of the said projects.

Guerrero Olivos represented oEnergy and DLA Piper Chile assisted Blue Elephant Energy. It was a multi-practice area transaction. The Corporate, Financing, Energy and Tax teams of Guerrero Olivos and DLA Piper Chile’s Energy and natural resources and Tax teams worked in the deal.

Guerrero Olivos team was led by Corporate and Financing partner Miguel Coddou (pictured left) and Energy and Project finance partner Sebastián Abogabir (pictured right), and involved Tax senior counsel Alejandro Chechilnitzky, and Corporate associate Diego Rodríguez and Tax associate Pablo Escobar.

Camila Álvarez provided In-house counsel to oEnergy.

DLA Piper Chile assisted BEE Sudamérica S.L. with a team led by Energy and Natural resources partner Felipe Bahamondez and Tax partner Rodrigo Álvarez, and which involved Energy and Natural resources associates Diego Peña, Eduardo Araya and Roberta Andreani, Tax associate Germán Vargas.