Ladaner’s $70 Million Financing


FERRERE, CMS, Pereda Rossini Pereyra y Asociados, Jiménez de Aréchaga, Viana + Brause and Clifford Chance advised on the transaction

Ladaner S.A., operating as a subsidiary of Enercon GmbH, secured a $70 Million Financing from Banco Santander and Caixabank.

Proceeds will be used to develop Cerro Grande 50MW Wind Farm in partnership with EAB New Energy GmbH.

The Cerro Grande Wind Project is located in Sierra de los Ríos in the Department of Cerro Largo, nearly 40km from its capital, Melo.

With an extension of approximately 254 Hectares, Cerro Grande Wind Farm consists in two corridors of fourteen and eight ENERCON E-92 wind turbines. Each of them has a rated power of 2.350 kW and a hub height of 98 meters.

FERRERE advised Enercon GmbH and Ladaner S.A. with Manuel Lecuona (Picture), Agustina Perez, Enrique Slekis and Ana Laura Oliveros.

CMS Hasche Sigle advised Enercon GmbH and Ladaner S.A. with Marc Riede, Christian Hermanussen and Leonid Sagalov.

Pereda Rossini Pereyra advised EAB New Energy GmbH with Rosina Corvetto Caunegre.

In Uruguay, Jiménez de Aréchaga, Viana + Brause advised Banco Santander Uruguay, Banco Santander and Caixabank with Nicolás Herrera Alonso, Magdalena Secco and Laura Freiria.

Clifford Chance advised Banco Santander Uruguay, Banco Santander and Caixabank with Florian Mahler, Bahar Rahimyar, Zaid Mansour, Natasha Fricker and Sarah Lewis.

Involved fees earner: Rosina Corvetto – Pereda Rossini, Pereyra & Asociados; Nicolás Herrera Alonso – Jiménez de Aréchaga, Viana & Brause; Magdalena Secco – Jiménez de Aréchaga, Viana & Brause; Laura Freiría Piñeiro – Jiménez de Aréchaga, Viana & Brause; Manuel Lecuona – Ferrere Attorneys; Agustina Pérez Lete – Ferrere Attorneys; Enrique Slekis – Ferrere Attorneys; Marc Riede – CMS Hasche Sigle; Christian Hermanussen – CMS Hasche Sigle; Leonid Sagalov – CMS Hasche Sigle; Florian Mahler – Clifford Chance; Bahar Rahimyar – Clifford Chance; Natasha Fricker – Clifford Chance; Sarah Lewis – Clifford Chance; Zaid Mansour – Clifford Chance;

Law Firms: Pereda Rossini, Pereyra & Asociados; Jiménez de Aréchaga, Viana & Brause; Ferrere Attorneys; CMS Hasche Sigle; Clifford Chance;

Clients: Banco Santander Sa; CaixaBank; Enercon; EAB New Energy GMBH; Ladaner S.A.;

Author: Ambrogio Visconti.