Morales & Besa advised Banco Bice in the financing associated with the construction and with the associated Value Added Tax of “Parque Eólico El Nogal” and “Parque Eólico El Maitén”.

April 6, 2018

Morales & Besa successfully advised Banco Bice in the financing associated with the construction and with the associated Value Added Tax of “Parque Eólico El Nogal” and “Parque Eólico El Maitén”, two wind farm projects to be located in Biobío Region, Chile, with an approximately 10,8 MW for each of the wind farms.

The financing for the construction was made with funds from the Production Development Corporation through the CORFO Credit Unconventional Renewable Energies and intermediated by Banco Bice. For this reason, the negotiations and the closing of the transaction must have been coordinated at all times with the aforementioned institution. Likewise, the acquisition of both wind parks was carried out simultaneously with the financing operation, which required coordination between both operations.

Morales & Besa team involved in this transaction was formed by partner Myriam Barahona, with the participation of associates Ignacio Menchaca, M. Francisca Estrougo and Gonzalo Machuca.