Baker McKenzie and PPU assist in Isagen’s purchase of 7 power stations
Baker McKenzie Colombia and Philippi Prietocarrizosa Ferrero DU & Uría have advised on Isagen’s acquisition of 7 Lareif power plants
Baker McKenzie Colombia has assisted Isagen, the Colombian electricity generator and trader Isagen in the acquisition of seven hydroelectric power plants from Latin American Renewable Energy Income Fund (Lareif), assisted by Philippi Prietocarrizosa Ferrero DU & Uría Colombia and Helm Banca de Inversión (HBI).
This acquisition, closed on 12 November, is in line with the company’s strategy to advance the development of a renewable energy portfolio.
The power plants are located in the department of Antioquia, in northwest Colombia, and are operational. They add 150 megawatts to Isagen’s power portfolio, which also has solar and wind generation assets under development.
Baker McKenzie’s team was led by partner Jaime Trujillo (pictured left), with associates Natalia Ponce de León and Juliana Tobon.
PPU’s team included partner Claudia Barrero Lozano (pictured right) and associates Alejandro Medina and Camilo Ballesteros.
