Philippi Prietocarrizosa Ferrero DU & Uría, through its team in Chile, has advised Korkia on the formation of a joint venture with Ciudad Luz for the development of solar, wind and storage generation projects in Chile.
The plan is to start with 500 MW in four years with a potential of up to 1,000 MW. The investment involved for its execution is USD $450 million.
This transaction was completed on 28 July, and involved the jurisdictions of Chile, Finland, Sweden and the United States.
PPU’s team was led by partner Carlos Alberto Reyes (pictured), with support from associates Felipe Ossa, Ariel Castillo, Daniela Leighton and Tomás Freire.