Empresas Gasco’s $150 Million Acquisition of Copiapó Solar

Larrain y Asociados advised Empresas Gasco; Carey y Cía advised SolarReserve Chile on the deal.

Empresas Gasco SA executed the acquisition of a 100% stake in Copiapo Energia Solar SpA, the company that, at present, is developing a 150-MW solar photovoltaic (PV) project in Chile’s Atacama region.

The seller was SolarReserve Chile and the Project will demand a total investment of approximately US$150 million.

The Purchase was closed on September 6, 2019.

Empresas Gasco SA provides natural gas distribution and transmission for mining, agriculture, residential buildings, hospitals, foods, fisheries, and other industrial sectors, in Chile.

Larrain y Asociados advised Empresas Gasco with a team led by of Counsel Cristián Araya (Picture), and Associate Alejandro Zauschkevich.

Carey y Cía advised SolarReserve Chile with a team led by partner Juan Fco. Mackenna, and included associates Juan Pablo de la Maza and Javiera Herrera.

Involved fees earner: Juan Pablo De La Maza – Carey; Javiera Herrera – Carey; Juan Francisco Mackenna – Carey; Cristian Araya – Larrain y Asociados; Alejandro Zauschkevich – Larrain y Asociados;

Law Firms: Carey; Larrain y Asociados;

Clients: Empresas Gasco S.A.; SolarReserve Chile;