Watson Farley & Williams advised DIF Capital Partners.
DIF acquired the wind farm from Enercon and EAB New Energy. DIF purchased Cerro Grande through its new DIF infrastructure V fund.
This is DIF’s first renewable energy project in South America, following the recent opening of its new office in Santiago, Chile.
Located in the eastern Uruguayan province of Sierra de los Ríos, Cerro Grande has been operational since January 2018. It compromises 22 turbines and benefits from a 20-year power purchase agreement with UTE, Uruguay’s state-owned utility. Enercon will continue to maintain Cerro Grande, with SEG Heliotec remaining responsible for its asset management.
DIF is an independent infrastructure fund manager, with €6bn of assets under management across eight closed-end infrastructure funds and several co-investment vehicles. It invests in greenfield and brownfield infrastructure assets primarily in Europe, the Americas and Australasia.
The WFW Hamburg Banking & FInance team that advised DIF was led by Partner Dr Stefan Kilgus (Picture), supported by Associate Jakob Paluszkiewicz.
Law Firms: Watson Farley & Williams;
Clients: DIF Capital Partners;