Jones Day helps OPDE offload equity in Mexico solar plants
Jones Day has represented Otras Producciones de Energía Photovoltaica, part of the OPDE Group, in connection with the sale of 80 per cent of its equity interests in two photovoltaic power plants, and associated electrical substations and interconnection lines, located in Mexico, to an affiliate of Riverstone Holdings.
The solar power plants are located in the northern states of Aguascalientes and Coahuila.
As a part of the transaction, OPDE entered into a joint venture agreement and a management agreement with Riverstone pursuant to which OPDE and Riverstone jointly acquire, finance, develop, construct, and operate new photovoltaic solar power projects in Mexico.
Jones Day’s team comprised partners Enrique Martin (pictured) in Miami, José Estandía in Mexico City, and Rodrigo Gómez Ballina, also in Mexico City.
