Grenergy Renovables’s $47 Million Financing


Philippi Prietocarrizosa Ferrero DU & Uría, Uría Menéndez, Garrigues and Estudio Echecopar (Baker & McKenzie) advised on the transaction

Grenergy Renovables S.A. secured a $47 million financing in order to finance the development of a wind farm in Cajamarca department (PE).

The financing includes a $18 million syndicated loan provided by CAF Banco de Desarrollo de América Latina and Instituto de Crédito Oficial E.P.E.; two $2.8 Million loans from Banco Internacional del Perú S.A.A. – Interbank and two $3 Million Mezzanine loan from Sinia Capital, S.A. de C.V..

Grenergy Renovables, S.A. is a project developer and an Independent Power Producers that generates renewable energy mainly through solar photovoltaic plants. The company, based in Spain, in 2018 recorded €27.2 million revenues.

Philippi Prietocarrizosa Ferrero DU & Uría advised Grenergy Renovables S.A. with Rafael Puiggros (Picture), Carolina de Trazegnies, Marco Castañeda, Luciana Carpio – Rivero and Sergio Rodríguez.

In Spain, Uría Menéndez advised Grenergy Renovables S.A. with Juan Ignacio Gonzáles Ruiz and Ricardo Lecaro.

Garrigues advised CAF Banco de Desarrollo de América Latina, Instituto de Crédito Oficial (ICO) and Interbank with Thomas Thorndike, Marcos Botella Serrano, Diego Harman, Johanna Holz, Jorge Calle, Andrea Paiba Salazar and Raúl Suárez Pascual.

Estudio Echecopar (Baker & McKenzie) advised Sinia Capital, S.A. de C.V. with Juan Carlos de los Heros Echecopar, Inés Vázquez Vargas, Fernando Sam Chec, Katherine Zapata de la Piedra and Alexandra Carranza.

Involved fees earner: Alexandra Carranza – Baker McKenzie; Juan Carlos de los Heros – Baker McKenzie; Fernando Sam Chec – Baker McKenzie; Ines Vazquez – Baker McKenzie; Katherine Zapata de la Piedra – Baker McKenzie; Marcos Botella Serrano – Garrigues; Jorge Calle – Garrigues; Diego Harman – Garrigues; Johanna Holz – Garrigues; Thomas Thorndike – Garrigues; Luciana Carpio–Rivero D’Angelo – Philippi Prietocarrizosa Ferrero DU & Uría; Marco Castañeda – Philippi Prietocarrizosa Ferrero DU & Uría; Carolina de Trazegnies – Philippi Prietocarrizosa Ferrero DU & Uría; Rafael Puiggros – Philippi Prietocarrizosa Ferrero DU & Uría; Sergio Rodríguez – Philippi Prietocarrizosa Ferrero DU & Uría; Juan Ignacio González Ruiz – Uría Menéndez; Ricardo Lecaro – Uría Menéndez;

Law Firms: Baker McKenzie; Garrigues; Philippi Prietocarrizosa Ferrero DU & Uría; Uría Menéndez;

Clients: Banco Internacional del Perú S.A.A. – Interbank; CAF –development bank of Latin America; Grenergy Renovables S.A.; Instituto de Crédito Oficial; Sinia Capital;