Brazilian firms act in JV to construction of Mendubim
Machado Meyer represented Scatec and Equinor ASA in the structuring of a joint venture with Norsk Hydro wich was represented by Mattos Filho and Alunorte – Alumina do Norte do Brasil, represented by Veirano Advogados.
The joint venture is for construction and operation of Solar Complex Mendubim, with an aggregate installed capacity of 531 MW, including the preparation and negotiation of all equity and project related contracts.
A relevant portion of the power to be generated the power plants will be sold to Alunorte under a US dollar denominated power purchase agreement (PPA).
The transaction involves one of the first power projects with US dollar PPA structured under the legal basis set forth by Law 14,286 and with a relevant portion of the power to be supplied under self-production regime. The US dollar PPA signed with Alunorte will supply 84 MWmédios from 2025 to 2044.
The total amount was R$ 2.304.800.000,00.
Machado Meyer advised Scatec ASA, Equinor Renewables BV, Hydro REIN and relied on led partners Ana Karina Souza (pictured top left) and Decio Pio Borges De Castro (pictured top center). Other partners involved in the work were Fernando Colucci, Liliam Yoshikawa, Maria Eugenia Novis, Raquel Cristina Ribeiro Novais and lawyers Antonio Carlos Amorim Castello Branco, Clarissa Figueiredo De Souza Freitas, Heloisa Zerbinatti Sato and Vagner Alves de Araujo.
Mattos Filho advised Hydro Brasil and relied on partners Felipe Rodrigues Caldas Feres (pictured top right) and Sofia Peres Barbosa (pictured bottom left), associates Miguel Britto Ferreira, Rafael Eyer Pitanga de Freitas Lopes and Larissa Sinopoli Piccolo.
Veirano Advogados advised Alunorte on this transaction and relied on partners Daniel Engel (pictured bottom center) and Ana Carolina Barretto (pictured bottom right) and associate Luisa Barreto.
