Sebastian Ramos and Federico Lemos

Ferrere assists UNIDO in trust structuring

Ferrere has assisted the United Nations Industrial Development Organisation (UNIDO Cono Sur) in structuring the financial trust fund Fondo de Innovación en Energías Renovables (REIF), aimed at providing financing for projects related to the second energy transition (2ET) in Uruguay.

REIF is intended to trigger large-scale financing of new and emerging renewable energy technologies, ventures and activities aligned with its scope of financing in the country, while also targeting gender sensitivity and promoting gender-impact investment in the renewable energy sector.

In addition, trust certificates will be issued through a private placement for up to US$7 million, to be purchased by UNIDO. The financial trust will receive credit support from banks and multilateral development banks in the amount of approximately $35 million to provide co-financing for the projects.

Uruguay was one of more than 100 countries whose proposals were selected, along with Fiji, Indonesia and Malawi, by the UN Joint Fund for Sustainable Development Goals (SDGs). As a result, Uruguay was awarded funds to implement the REIF programme that will support the country’s 2ET, through the decarbonisation of different sectors of its economy.

Ferrere’s team was led by partner Sebastian Ramos Olano (pictured left) and counsel Federico Lemos Lorenzo (pictured right), alongside lawyers Cecilia Trujillo and Laura Oliveros.

Ferrere assists UNIDO in trust structuring

L Giselle Estrada

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

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