Texas Pacific Group’s Acquisition of 9 Trina Group Solar Power Plant Project

Carey and Guerrero Olivos advised on the transaction

Trina Solar (SHA:688599) executed the disposal of nearly 1 GW solar PV projects portfolio in Europe and Latin America to The Rise Fund, a global impact investing fund managed by TPG. Trina Solar will provide project development, design, procurement and EPCM services of these projects to TPG. The total amount of the transaction is around $700 million.

The solar PV projects included in the transaction are currently operational, under construction or in late stage development nearing ready-to-build status across Spain, Chile, Colombia, and Mexico. Based on different timing of reaching the status of being ready to build for each project, the total portfolio is expected to be delivered by the end of 2022.

TPG is one of the largest alternative asset firms with more than $79 billion assets under management worldwide.

Guerrero Olivos advised TPG with Juan E. Allard (Picture), Clemente Pérez, Josefina Yávar and Martín Cox.

Carey advised Trina in Chile with Juan Francisco Mackenna, Manuel José Garcés, José Tomás Hurley and Valentina Mendoza.

Involved fees earner: Manuel José Garcés – Carey; José Tomás Hurley – Carey; Juan Francisco Mackenna – Carey; Valentina Mendoza – Carey; Juan Enrique Allard – Guerrero Olivos; Martín Cox – Guerrero Olivos; Clemente Pérez – Guerrero Olivos; Josefina Yávar Celedón – Guerrero Olivos;

Law Firms: Carey; Guerrero Olivos;

Clients: TPG ; Trina Solar;

Author: Ambrogio Visconti.