Shearman & Sterling represented Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden N.V. (FMO) and Central American Bank for Economic Integration (CABEI) as lead arrangers in connection with the $45 million non-recourse financing for the second phase of the AEI-led Amayo wind project in Nicaragua.

In addition to FMO and CABEI, the Belgian development finance institution Belgische Investeringsmaatschappij voor Ontwikkelingslanden N.V. (BIO) was a participant in a facility tranche and the Danish export credit agency Eksport Kredit Fonden (EKF) guaranteed a separate tranche (EFK’s first transaction in Central America). The financing also included a mezzanine loan provided by the FMO-managed and Dutch government-funded Access to Energy Fund.

The Shearman & Sterling team was led by partner Gregory Tan (Project Development & Finance-New York) and included associates Alexandro M. Padrés (Project Development & Finance-New York), Ranbir Chowdhary (Project Development & Finance-New York) and Colin Keefe (Project Development & Finance-New York) and visiting attorney Karla González (Project Development & Finance-New York).