Projects
- Antitrust / Competition
- Banking & Finance
- Capital Markets
- Criminal Law & Compliance
- Corporate
- Intellectual Property and Data Protection
- Labor & Employment
- Litigation, Arbitration & Dispute Resolution
- Mergers & Acquisitions
- NGOs, Philanthropy and Conservation
- Public Law
- Pro Bono
- Real Estate & Construction
- Tax
Energy & Natural Resources

Our clients appreciate our expertise and the active role we play in the development and deregulation of the Chilean energy, utilities and infrastructure sectors. We also advise on power generation, transmission and distribution, fuel transportation and distribution, water and sewage and public works regulations. We are known for advising multinational companies which have made significant investments in power plants, gas pipelines, transmission lines and privatized toll roads in Chile.
Our experience in the energy sector includes all kinds of investments, developments, financings and acquisitions in power generation, transmission and distribution, oil and gas, upstream and downstream, and non conventional renewable energy (NCRE) projects. Our lawyers have cutting edge expertise in the regulatory framework that models the industry with rapid pace. We are at the forefront of the industry, having advised on emblematic projects such as:
- Quintero – the first LNG terminal in South America
- Some of the largest power plants operating in Chile
- The expansion of the national grid
- NCRE projects based on wind, water, waste and other sources recently added to the national energy matrix.
In the field of natural resources, we have been involved in all key areas of the Chilean economy. In the area of mining, we have advised numerous companies in all stages of their mining projects, including the establishment of mining property rights (concessions), permitting, financing, construction and operation of plants. In the area of forestry we have extensive experience in the regulation of the sector, as well as industrial related projects. In the water sector, we have advised investors and operators of water distribution and treatment operations.
Awards & Recognition
Ranked Band 4 Chambers & Partners Latin America 2020
Ranked Tier 2 Legal 500 2019
“What the team is known for Well-recognised practice acting on projects in energy sectors including wind, photovoltaic and solar power. Especially experienced on project finance mandates, as well as advising on power supply agreements and various contracts. Also handles sector-related litigation”.
“Strengths Clients highlight that the team ‘has always been really exceptional’, going on to add that the lawyers are ‘incredibly responsive and very thorough, and the quality of work is ten out of ten'”.
Chambers & Partners Latin America 2020
“Morales & Besa ‘provides its clients with a very positive experience’. Perhaps best known for transactional energy matters the practice nevertheles advises on all development, construction, financing and operational phases, including PPAs, interconnection and tolling agreements, and fuel supply, as well as EPC and O&M contracts”.
Legal 500 2020
Contacto
- Eugenio Besa J-H.
- ebesa@moralesybesa.cl
- +56 2 2472 7017
- Carlos Silva V.
- csilva@moralesybesa.cl
- +56 2 2472 7024
- Juan Carlos Valdivieso T.
- jcvaldivieso@moralesybesa.cl
- +56 2 2472 7020
Experience in Energy & Natural Resources
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25 de August de 2020
Morales & Besa advised senior and VAT lenders for the financing of “Huemul Portfolio” by Mainstream Renewable Power -
26 de May de 2020
Morales & Besa advised Sonnedix in obtaining post-construction PMGD portfolio financing -
20 de January de 2020
Morales & Besa successfully advised Banco Security on refinancing of loans to Tralka SpA -
17 de December de 2019
Morales & Besa advised CRC Transmisión in the financing of electrical transmission projects -
2 de October de 2019
Morales & Besa successfully advised EIG Atacama Management SpA in the -
31 de August de 2019
Morales & Besa advised Anglo Pacific Group Plc on financing granted to “Mantos Blancos” -
6 de June de 2019
Morales & Besa advised SMBC and Banco Santander – Chile in the financing of Cabo Leones III -
16 de April de 2019
Morales & Besa advised Banco Security on the financing granted to 18 project companies owners of PGMD -
22 de January de 2019
Morales & Besa advised Arena Minerals Chile in the incorporation with SQM of two contractual mining companies -
12 de September de 2018
Morales & Besa has advised Banco Security for the financing of the hydroelectric power plant Hidroconfianza.
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17 de July de 2019
Invitation | LLM and Certificate Programs University of Colorado Law School – July 24th -
28 de March de 2019
Morales & Besa is the Chilean firm with the highest number of nominations for the Latin Lawyer of the Year Award -
5 de October de 2018
Cerro Dominador, project advised by M&B, received a double award In the last edition of the Project & Infrastructure Finance Awards – LatinFinance -
5 de April de 2018
Myriam Barahona, partner of Morales & Besa, participated as a panelist in the 12th Annual Latin American Energy & Infrastructure Finance Forum -
31 de May de 2017
IFLR Americas Awards 2017: Morales & Besa is selected as “Banking & Finance Law Firm of the Year” -
23 de March de 2017
IJGlobal Awards 2016: Morales & Besa, the Latin American Law Firm was the most awarded for Financing Operations Projects -
4 de November de 2016
Morales & Besa recognised as Tier 1 firm by IFLR1000 -
3 de November de 2016
Morales & Besa advises EIG Global Energy Partners -
3 de March de 2016
Morales & Besa distinguished in Latin Lawyer 250 Chile -
30 de November de 2015
Morales & Besa partner delivers seminar on Project Financing in Washington DC -
19 de June de 2015
Morales & Besa partners present at the 9th Andean Finance & Investment Forum hosted by Latin Finance -
11 de May de 2015
Javiera SunEdisonProject renewable energy project internationally recognized -
7 de October de 2014
Morales & Besa features in Chambers & Partners and Legal 500 -
18 de August de 2014
Morales & Besa associate placed forth in the XIV Days of Energy Law -
13 de September de 2013
Morales & Besa highlighted in Chambers and Partners and Legal 500 -
18 de June de 2013
Morales & Besa highlighted by IFLR1000 Latin America 2013 in Energy and Infrastructure -
21 de March de 2013
Morales & Besa in ranking of Chambers & Partners and Latin Lawyer Global 250
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4 de November de 2019
Legal Alert M&B | Law 21.185 that creates a mechanism to stabilize energy prices for regulated clients -
2 de August de 2019
Energy Legal Alert | New draft regulation for small generation plants (PMG/PMGDS) -
9 de July de 2019
Legal Alert Energy | New amendment proposal of the stabilized price mechanism -
25 de April de 2019
Legal Alert | Preliminary proposal of amendment to the stabilized price mechanism (Improvement of the Supreme Decree 244) -
4 de July de 2018
Legal Alert| Invalidation of the qualification procedure of the electrical transmission facilities for the 2020-2023 period -
27 de December de 2017
Legal Alert | Regulatory and Natural Resources -
22 de November de 2016
Energy Newsletter | November 2016 -
1 de September de 2016
Environmental, Energy & Infrastructure Newsletter | August 2016