Clifford Chance represented a group of commercial and development finance institution lenders in connection with the approximately US$234 million financing of the 208 MWp Altiplano-La Puna solar project in the province of Salta, Argentina.
The project will be developed by Neoen S.A.
The financing includes an uncovered tranche provided by Proparco and DEG and covered tranche provided by Société Générale and KfW under the umbrella of French export credit agency Bpifrance Assurance Export S.A.S. (“BPI”). This is the first transaction in Argentina backed by a buyer credit guarantee from BPI.
The Clifford Chance team was composed by partner Fabricio Longhin (Picture) and included, associates Patricio Abal, Greg Jehle and Pablo Fekete in Washington, DC. Partner Dr. Christof Häfner and associate Yan Ma in Frankfurt. Senior associate Ed Bretherton and André de Sousa Vieira, and associates William Adams and Da Kyung Kwon in London. Partner Delphine Siino Courtin and counsel Sophie Guilhem-Ducléon in Paris.
Partner Catherine McCarthy separately represented the BPI covered lenders out of Washington, DC.
Involved fees earner: Patricio Abal – Clifford Chance; William Adams – Clifford Chance; Edward Bretherton – Clifford Chance; André de Sousa Vieira – Clifford Chance; Pablo Fekete – Clifford Chance; Sophie Guilhem-Ducléon – Clifford Chance; Christof Häfner – Clifford Chance; Greg Jehle – Clifford Chance; Da Kyung Kwon – Clifford Chance; Fabricio Longhin – Clifford Chance; Yan Ma – Clifford Chance; Catherine McCarthy – Clifford Chance; Delphine Siino Courtin – Clifford Chance;
Law Firms: Clifford Chance;