Polesine’s 50,4 MW Wind Farm in Florida Uruguay $82 Million Financing

Hughes & Hughes, White & Case, FERRERE and Guyer & Regules advised on the transaction

Polesine S.A. – operating as a subsidiary of Akuo Energy Uruguay S.A.S. and de Cubico Sustainable Investments Limited – reached the $82 Million financial closing for its 50,4 MW Wind Farm project in Florida (Uruguay).

The electricity generated by the project will be supplied to the National Electric Network administered by UTE (National Electric Power Generation and Transmission).

Export Development Canada and Caixabank S.A. acted as lenders on the transaction and BBVA Uruguay S.A. acted as Financing Agent.

Hughes & Hughes advised Polesine S.A., Akuo Energy and Cubico Sustainable Investments Limited with a team including Haroldo Espalter (Picture), Mariana Estradé, Tania Cavallo and Patricia Villalba.

White & Case LLP advised Polesine S.A., Akuo Energy and Cubico Sustainable Investments Limited with Jeannine Acevedo, Carlos Viana, Ana Maria Arias and Peter Ott.

FERRERE advised Export Development Canada and Caixabank S.A. with Diego Rodríguez, Federico Lemos and José Lima.

Guyer & Regules advised BBVA Uruguay S.A. with Juan Manuel Mercant, Marcos Payssé, Javier Berdaguer and Betania Silvera.

Involved fees earner: Marcos Payssé – Guyer & Regules; Javier Berdaguer – Guyer & Regules; Betania Silvera – Guyer & Regules; Juan Manuel Albacete – Guyer & Regules; Diego Rodríguez – Ferrere Attorneys; Federico Lemos – Ferrere Attorneys; Jose Lima – Ferrere Attorneys; Haroldo Espalter – Hughes & Hughes Abogados; Mariana Estrade – Hughes & Hughes Abogados; Tania Cavallo – Hughes & Hughes Abogados; Patricia Villalba – Hughes & Hughes Abogados; Jeannine Acevedo – White & Case; Carlos Viana – White & Case; Ana Maria Arias – White & Case; Peter Ott – White & Case;

Law Firms: Guyer & Regules; Ferrere Attorneys; Hughes & Hughes Abogados; White & Case;

Clients: CaixaBank; Akuo Energy SAS; Export Development Canada; Cubico Sustainable Investments; Polesine SA; Banco Bilbao Vizcaya Argentaria Uruguay S.A.;


Author: Ambrogio Visconti.