EnfraGen’s $240 Million Financing for Greenfield Solar Portfolio in Chile

White & Case LLP advised EnfraGen on the deal. Milbank and Garrigues advised Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and Sumitomo Mitsui Banking Corporation

EnfraGen, LLC (“EnfraGen”) executed a US$240 million non-recourse financing for a portfolio of greenfield solar projects in Chile.

The Enfragen financing is one of the largest solar portfolios to close in recent times in Chile with a bank syndicate comprising Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and Sumitomo Mitsui Banking Corporation.

EnfraGen is a Latin American developer of grid stability and renewable energy infrastructure businesses.

The White & Case team was led by partners Martin Menski (Picture) in Washington D.C. and Sean Goldstein in Miami with support from associates Chris Bergan in Miami, Pedro Hendel and Mihret Woldesemait in Washington, D.C., partner Ian Cuillerier and associate Rhys Bortignon in New York.

In US, Milbank advised Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and  Sumitomo Mitsui Banking Corporation with Jaime E. Ramírez, Daniel D. Bartfeld, Kristina Hokenberg and Victoria Xie.

In Chile, Garrigues advised Banco de Crédito e Inversiones, BNP Paribas, DNB Bank ASA and  Sumitomo Mitsui Banking Corporation with Pedro García Morales, Federico Espinosa Fernández, Francisco Irarrázaval Armendáriz and María Francisca Correa.

Garrigues also advised Banco de Crédito e Inversiones (BCI) with Antonio Morales Mutis.

Dentons advised Banco de Crédito e Inversiones (BCI) in Chile.

Involved fees earner: María Francisca Correa – Garrigues; Federico Espinosa Fernández – Garrigues; Pedro García Morales – Garrigues; Francisco Irarrázaval Armendáriz – Garrigues; Antonio Morales Mutis – Garrigues; Daniel Bartfeld – Milbank LLP; Kristina Hokenberg – Milbank LLP; Jaime Ramirez – Milbank LLP; Victoria Xie – Milbank LLP; Christopher Bergan – White & Case; Rhys Bortignon – White & Case; Ian Cuillerier – White & Case; Sean Goldstein – White & Case; Pedro Hendel – White & Case; Martin Menski – White & Case; Mihret Woldesemait – White & Case;

Law Firms: Garrigues; Milbank LLP; White & Case;

Clients: Banco de Crédito e Inversiones; BNP Paribas; DNB Bank ASA; EnfraGen, LLC; Sumitomo Mitsui Banking Corporation;

Author: Martina Bellini