Grenergy Secures Financing for Phase 4 of Oasis Project with Clifford Chance
Deal News | Jan 21, 2025 | Iberian Lawyer
Clifford Chance has successfully advised Grenergy on securing financing for the fourth phase of the Oasis de Atacama project, which includes 269 MWp of solar capacity and 1.1 GWh of energy storage, marking it as the largest storage project globally. Prior to this, Clifford Chance also assisted in the financing of the first three phases, cumulatively achieving 720 MWp of solar power and 3.6 GWh of energy storage. This strategic endeavor not only underscores Clifford Chance's prowess in renewable energy and project finance but also their commitment to championing sustainable and innovative energy solutions. The project was managed by a skilled team comprising global financial markets partner Jos Guardo, counsel Eduardo Sánchez, with key contributions from associate Alejandro Cubillo and trainee Marco Martínez.
Sectors
- Renewable Energy
- Legal Services
- Project Finance
Geography
- Chile – The Oasis de Atacama project is located in Chile, indicating the geographical focus on the South American region.
Industry
- Renewable Energy – The article involves Grenergy's Oasis de Atacama project, which is focused on solar energy and energy storage solutions, marking it an example of the renewable energy sector.
- Legal Services – Clifford Chance's role as a legal advisor in the financing and execution of renewable energy projects places the article within the legal services sector.
- Project Finance – The financing aspect of the Oasis project places it within the project finance industry, focusing on funding large energy projects.
Financials
- – The article does not specify the precise financial figures involved in the project financing.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Grenergy | Target Company | Company | Grenergy is a renewable energy company involved in the development of the Oasis de Atacama solar and storage project. |
| Clifford Chance | Legal Advisor | Company | Clifford Chance is a leading law firm providing legal advisory services to Grenergy on the project financing of the Oasis de Atacama. |
| José Guardo | Global Financial Markets Partner | Person | José Guardo led the Clifford Chance team on the financial advisory for the Oasis project. |
| Eduardo Sánchez | Counsel | Person | Eduardo Sánchez provided counsel expertise for the Oasis project financing under Clifford Chance. |
| Alejandro Cubillo | Associate | Person | Alejandro Cubillo supported the legal team at Clifford Chance in the Oasis phase 4 financing. |
| Marco Martínez | Trainee | Person | Marco Martínez contributed to the legal advisory process on the Oasis project’s financing as a trainee at Clifford Chance. |