Cedars Solar’s $35 Million Financing

Cedars Solar's $35 Million Financing

Carey and Morales & Besa advised on the deal

Cedars Solar secured a $35 million form a leading financial istitution.

Proceeds will be used to finance part of the construction, development and operation costs related to seven non-conventional renewable energy (NCRE) projects, all of them corresponding to small distributed means (PMGDs).

Carey advised with a team includin Felipe Moro (Picture),  Fernanda Valdés, Fernando Noriega and Rafael Mackay.

Morales and Besa advised the lender with a team including Carlos Silva, Javier Balbontín, Juan Carlos Valdivieso, Patricio Novoa and María Jesús Venegas.

Involved fees earner: Rafael Mackay – Carey; Felipe Moro – Carey; Fernando Noriega – Carey; Fernanda Valdés – Carey; Javier Balbontín – Morales & Besa; Patricio Novoa L-H. – Morales & Besa; Carlos Silva – Morales & Besa; Juan Carlos Valdivieso – Morales & Besa; María Jesús Venegas – Morales & Besa;

Law Firms: Carey; Morales & Besa;

Clients: Banco Security; Cedars Solar SpA;

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Author: Ambrogio Visconti