Juan Francisco Mackenna and Alejandra Daroch

Carey assists Sonnedix in acquisition of ARCO renewable energy portfolio

Carey has assisted Sonnedix, a global independent solar power producer (IPP), in the acquisition of the ARCO renewable energy portfolio, including a wind farm and a solar PV plant.

White & Case also acted as counsel to Sonnedix in the US, while Garrigues and Kirkland & Ellis acted as counsel to the counterparty, Arroyo, in Chile and the US, respectively. Astris acted as financial advisor.

The acquired portfolio consists of the operating wind farm “El Arrayán”, its expansion under development “Carica”; the operating solar photovoltaic plant “Conejo”, its expansion under development “Librillo”; 13 Small Means of Distributed Generation (PMGDs), all in operation; the substation “Don Goyo”; and an energy storage system (BESS – Battery Energy Storage System), with an installed capacity of approx. 500 MW, located in different regions of Chile.

This transaction, closed on 19 October, also included the mandatory merger control procedure before the National Economic Prosecutor’s Office (FNE), which was approved unconditionally.

Thanks to this acquisition, Sonnedix enters the wind power generation market in Chile, a country where it has been present as a solar IPP since 2015. The company adds more than 290MW in renewable energy projects to its portfolio, reaching a total capacity of more than 1 GW in Chile, and 7.4 GW globally.

Manuel José Prieto and Shari Ben Moussa acted as in-house lawyers for Sonnedix.

White & Case’s team comprised partner Emilio Grandio and law clerk Chris Hebert.

Kirkland & Ellis’ team included partner Robert Goodin and associates Camille Walker and Petter Hyams.

Carey’s team was led by partners Juan Francisco Mackenna (pictured left) and Alejandra Daroch (pictured right), with support from associates Julio Recordon, Daniela Pfeffer, Pablo Morales, Constanza Trisotti, Domingo Russi and Catalina Valenzuela.

Carey assists Sonnedix in acquisition of ARCO renewable energy portfolio

L Giselle Estrada

thelatinamericanlawyer.com

The Latin American Lawyer is a bimonthly digital magazine, published by Iberian Legal Group, available in Spanish and Brazilian Portuguese. It represents the main source of information in the legal business sector in America Latina. The digital magazine – and its portal – address to the protagonists of law firms and in-house lawyers. The magazine is available for free on the website and on Google Play and App Store.

In every issue of the magazine, you will find rankings of lawyers, special report on trends, interviews, information about deals and their advisors.

For further information, please visit the Group’s website www.lcpublishinggroup.com

Iberian Legal Group
Registered office: C/ Manuel Silvela, 8 - Oficinas 1 Dcha 28010 Madrid España

Copyright 2022 © All rights Reserved. Design by Origami Creative Studio

SHARE

Share on linkedin
Share on twitter
Share on facebook
Share on whatsapp
Share on email
Share on telegram