Grenergy Renovables engages PPU for Chile solar portfolio sale
Chilean law firm Philippi Prietocarrizosa Ferrero DU & Uría (PPU) has acted as counsel to Spanish renewable energy company Grenergy Renovables on the sale of 27 solar plants in the country in transactions totalling some $242 million.
The law firm advised on the execution of a framework agreement with South Korean company Daelim for the sale and construction of 12 solar plants in Chile with a total generation capacity of 125 megawatts and a total capital investment of $142 million.
PPU partner Federico Grebe (pictured) and associate Constanza Rodríguez were engaged in the transaction.
The law firm also advised the Madrid-based company on the sale of a portfolio of 11 solar plants in Chile to InterEnergy Holdings for $66.5 million, and which are located in the regions of Coquimbo, Metropolitana, O’Higgins, and Valparaíso. Partner Federico Grebe also led the team advising the company on that transaction,and which included associates Francisca Ariztía, Nicolás Santana and Carlos Larraín.
Partner Federico Grebe and associate Carlos Larraín also counselled Grenergy Renovables on the sale of four solar plants located in hte Maule and Bernardo O’Higgins regions, with a total capacity of 60.6 megawatts, to CarbonFree Technology, for $33 million.
