Morales & Besa advised EIG Global Energy Partners and its subsidiary Cerro Dominador Inversiones SpA in the granting of a loan with the Brookfield group
Morales & Besa successfully advised EIG Global Energy Partners and its Chilean subsidiary Cerro Dominador Inversiones SpA in the mezzanine financing obtained by the latter and provided by a Brookfield affiliate, in order to make the equity contributions required pursuant the senior financing agreement entered into by Cerro Dominador CSP S.A. (an affiliate of Cerro Dominador Inversiones SpA) with a syndicate of international banks.
The above, to develop the Cerro Dominador CSP (110 MW) and PV (100 MW) power plants. The Cerro Dominador CSP plant is the first concentration solar plant in Latin America, which involves a novel technology.
The output of the power plants has been contracted with Chilean distribution companies, through PPAs awarded to Atacama Generación Chile S.A. in the 2014 tender, at a price of US$ 114/MWh.
The team of Morales & Besa that participated in this operation was integrated by partners Eugenio Besa and Francisca Pérez; senior associates Sebastián Leyton, Lorena Barrientos, Ignacio Menchaca and Paloma Infante; and associates, Sebastián Nieme, Javiera Veloso, Verónica Vergara, Gabriela Leaño, José Manuel Llamazales, Manuel José Eyzaguirre and Carlos Espinosa.