Glenfarne Acquires Chilean Solar and Battery Assets
Deal News | Apr 23, 2025 | Paul Hastings
Paul Hastings LLP has advised Glenfarne Asset Company, LLC on its agreement to acquire a substantial portfolio of solar and battery energy storage system (BESS) assets in Chile from Metlen Energy & Metals. The deal includes a total capacity of 909 MW, consisting of 588 MW solar operations and BESS facilities equivalent to 321 MW (1.61 GWh). The acquisition underscores Glenfarne's strategic expansion in renewable energy, leveraging Chile's growing market for sustainable energy. The law firm Paul Hastings showcased its robust expertise, with key team members including partners Robert Leung and Mike Huang, and others.
Sectors
- Renewable Energy
- Legal Services
Geography
- Chile – The solar and battery storage assets being acquired by Glenfarne are located in Chile.
Industry
- Renewable Energy – The transaction involves the acquisition of solar and battery energy storage system assets, key components of the renewable energy sector.
- Legal Services – Paul Hastings, a law firm, advised on this transaction, showcasing the role of legal services in M&A deals.
Financials
- 909 MW – Total combined capacity of the acquired portfolio.
- 588 MW – Capacity of operating solar facilities.
- 1.61 GWh – Capacity of battery energy storage system (equivalent to 321 MW).
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Glenfarne Asset Company, LLC | Buyer | Company | An asset management firm acquiring solar and BESS assets in Chile. |
| Metlen Energy & Metals | Seller | Company | The company selling its Chilean solar and battery storage assets to Glenfarne. |
| Paul Hastings LLP | Legal Advisor | Company | A premier law firm advising Glenfarne on the acquisition agreement. |
| Robert Leung | Partner | Person | Part of the Paul Hastings team advising Glenfarne. |
| Mike Huang | Partner | Person | Part of the Paul Hastings team advising Glenfarne. |
| Jason Hill | Of Counsel | Person | Part of the Paul Hastings team advising Glenfarne. |
| Anna Hardcastle | Associate | Person | Part of the Paul Hastings team advising Glenfarne. |
| Carlos Gmez | Associate | Person | Part of the Paul Hastings team advising Glenfarne. |