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News Aug 29, 2014

Shearman & Sterling Advises Abengoa on the Cerro Dominador Solar Project in Chile

Shearman & Sterling advised Abengoa Solar Chile S.A. as borrower in connection with a $205 million bridge financing arranged by BTG Pactual for the construction and operation of the Cerro Dominador solar project, a 110 MW concentrated solar power plant located in Chile. The Cerro Dominador project will be the first solar-thermal plant for direct electricity production in South America and is part of the Chilean government’s national renewable energy development program.

The Shearman & Sterling team included partner Gregory Tan (New York-Project Development & Finance); counsel Alexandro Padrés (New York-Project Development & Finance) and associates Andre Teixeira (New York-Project Development & Finance) and Jackson Murley (New York-Project Development & Finance).