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News Oct 07, 2014

Shearman & Sterling Advises Abengoa’s Cadonal on Maciel II Wind Project

Shearman & Sterling advised Cadonal, S.A., a subsidiary of Abengoa S.A., as borrower, in connection with an $80.8 million A/B senior loan arranged by Corporación Andina de Fomento (CAF) and DNB Group, Agencia en Chile, for the Talas de Maciel II 50 MW greenfield wind farm project, located in Cerro Colorado, Uruguay.

The financing will provide for the development, construction, operation and maintenance of the wind farm, the installation of a transmission line to connect such wind farm to the Interconnected National System of Uruguay, and the construction of all civil engineering works, including access roads, substation, control station or other works needed to generate and supply the energy produced by the wind farm.

The Shearman & Sterling team included partner Jeanne Olivier (New York-Project Development & Finance), counsel Alexandro Padrés (New York-Project Development & Finance), and associates Richard Facundo (New York-Project Development & Finance) and Joshua Rivera (New York-Corporate).