Holland & Knight, Dentons López Velarde Monterrey and InIntegrum Corporación Legal advised on the transaction
Buenavista Renewables México, S. de R.L. de C.V. (“BVR”), a Buenavista Renewables company, and ESCO Comercializadora Energética S. de R.L. de C.V., a qualified supplier from Mexicali, Baja California, announce they have entered into a tripartite long-term Power Purchase Agreement with Zodiac Aerospace Equipo de México S. de R.L. de C.V., an affiliate of France’s Safran Group. The electricity to be delivered under the PPA will be generated by roughly 13 MW of the Los Santos Solar II solar facility (the “Project”), which BVR is developing in Ahumada, Chihuahua. The Project is located contiguous to BVR’s operational Los Santos Solar I project.
Under the PPA, Zodiac Aerospace, as off-taker, will be supplied 100% of its electricity, Clean Energy Certificates, and capacity from ESCO, as qualified supplier under Mexican market rules; approximately 70% of these products will come from the Project. In total, Zodiac Aerospace has committed to purchase more than 30,000 MWh of electricity annually from the Project.
The Project will be constructed on 80 hectares of private ranchland located between Ciudad Juarez and Chihuahua. Zodiac Aerospace will be consuming the electricity at factories in Chihuahua, Chihuahua. BVR and ESCO will announce the Project’s other off-takers in the coming weeks.
Holland & Knight represented Buenavista Renewables México, S. de R.L. de C.V. (BVR), a subsidiary of Texas-based energy developer Buenavista Renewables, and ESCO Comercializadora Energética S. de R.L. de C.V. with a team including Alejandro Landa Thierry (Picture) Carlos Ochoa Valenzuela, Alberto Esenaro and Aldo González Melo.
Dentons López Velarde Monterrey advised Zodiac Aerospace Equipo de México S. de R.L. de C.V. with David Berezowsky and Jorge Jiménez.
InIntegrum Corporación Legal advised Zodiac Aerospace Equipo de México S. de R.L. de C.V. with Jorge Almanza Ríos and Rolando Castellanos Macal.
Involved fees earner: David Berezowsky – Dentons López Velarde; Jorge Jiménez – Dentons López Velarde; Alberto Esenaro – Holland & Knight; Aldo González – Holland & Knight; Alejandro Landa Thierry – Holland & Knight; Carlos Ochoa – Holland & Knight; Jorge Almanza Ríos – InIntegrum Corporación Legal ; Rolando Castellanos Macal – InIntegrum Corporación Legal ;