Milbank represented Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and Sumitomo Mitsui Banking Corporation as lenders in the $200 million financing by EnfraGen, LLC for a 175 MWac greenfield solar photovoltaic (PV) portfolio in Chile. EnfraGen is jointly controlled by Glenfarne Group, LLC and Partners Group (on behalf of its clients).
The Milbank team was led by Global Project, Energy and Infrastructure Finance partners Jaime E. Ramirez and Daniel D. Bartfeld with support from associates Kristina A. Hokenberg and Victoria Xie.
Mr. Ramirez noted, “This transaction underscores Milbank’s commitment to the development and expansion of the Latin American power sector, and we are pleased to be a part of the sustainable energy growth in the region.”
Mr. Bartfeld added, “Milbank is honored to once again support the banks and Glenfarne on this important financing. We look forward to supporting EnfraGen as it continues to expand and evolve its footprint in Latin America.”
Milbank continues to have the lead legal role in many of the most significant Latin American power, energy and infrastructure matters and regularly advises clients on a wide range of development, financing and acquisition matters. The firm previously advised on the $1.76 billion bank/bond financing by EnfraGen and this is the sixth renewables project that the firm has closed in the region this year, including our representation in connection with Sonnedix’s Meseta del Los Andes Solar project, the Rule 144A green project bond offering for ILAP, Solek’s 110 MW PMGD solar portfolio, the 101 MW San Pedro solar project and the 204 MW Cabo Leones II wind farm in Chile and the 99 MWa (125.83 MWdc) El Mayo PV power plant in Mexico.
