Energy

Through the advise and support we have provided our clients, our energy practice has had a fundamental role in the development of the energy sector in Chile. We have advised key players in the generation, transmission and distribution of energy, transportation and distribution of fuel, as well as financiers, investment funds, offtakers and regulatory entities.

Morales & Besa’s experience in the energy sector spans several types of investments and acquisitions, project development and permits, negotiation of PPAs, EPCs, BOPs, BOOTs, etc., financing, dispute resolution, and regulatory analysis, with a focus on renewable energy.

Our attorneys are familiar with the ever-changing regulatory framework. We are up-to-date with the challenges faced by the industry, having participated in projects such as the construction of hydroelectric power plants, liquefied natural gas maritime terminals, photovoltaic and wind power plants, green hydrogen projects, among others.

Contact team
Juan Carlos Valdivieso T.
+(56) 224727020
Carlos Silva V.
+(56) 224727024

Awards and
recognitions

Banda 4

Chambers & Partners / 2022

Morales & Besa is an established full-service firm that is particularly well recognised for its work in the financing of energy projects in the Chilean legal market. The department is also known to provide sector-related regulatory counselling. The Santiago-based team is regularly sought out to advise on wind and solar power generation sectors.

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The Legal 500 / 2023

Morales & Besa’s energy practice covers both transactional work (alongside the firm’s projects, banking and finance, and M&A departments), and the regulatory aspects of energy projects. The ‘great team’ particularly stands out for complex energy projects and transactions with cross-border elements. The group is jointly led by former Primer Energía general counsel Juan Carlos Valdivieso, who was raised to the partnership in January 2022 and whose recent track-record includes advising developers and lenders on the regulatory implications of insolvency cases in Chile’s power market; and projects and infrastructure practice head Carlos Silva. Experienced associate Constanza Araya has particular expertise advising on power sector-related regulatory issues.

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Relevant operations in
Energy

GIP’s Acquisition of Atlas Renewables
Advised Global Infrastructure Partners (GIP) in the acquisition from Actis of the portfolio of renewable energy assets operated by Atlas Renewables, with a total installed capacity of 2.3 GW, located in different jurisdictions, including Brazil, Chile, Uruguay and Mexico.
Huemul Financing
Advice to a syndicate of lenders for the senior financing of the Huemul Portfolio, owned by a subsidiary of Mainstream Renewable Power, consisting of five renewable energy projects (solar and wind) with a combined total capacity of 630 MW (one of the biggest portfolios of its type in Chile), and which were awarded a series of 75 public-tendered PPA by the local distribution accompanies and National Energy Commission.
Development of WPD Chile wind projects and participation in the CNE 2022/01 bidding process.
We have advised our client Wpd Chile in the development, construction and financing of three wind farms with a total installed capacity of 356,274 MW, in different regulatory matters.
Transmission Bidding for a consortium of global infrastructure companies.
We provided advice to a consortium of international infrastructure operators in the preparation and presentation of their joint bid for the bidding of the 2020 Expansion Plan of the National Transmission System