Paul Hastings Advised EnfraGen in the Acquisition of Six Renewable Projects in Central America and Related Financing

November 21, 2023

Paul Hastings LLP advised EnfraGen in connection with the acquisition and financing of six renewable projects in Panama and Costa Rica, with a combined capacity of 188 MW, from affiliates of Celsia S.A. The renewable power facilities include:

  • Dos Mares Hydro Complex: three run-of-river (“ROR”) downstream hydro plants in Panama totaling 119.0 MW of installed capacity.
  • Prudencia and Divisa: two solar PV plants in Panama totaling 19.7 MW of installed capacity.
  • Guanacaste Wind Farm: one wind installation located in Costa Rica totaling 49.5 MW of installed capacity, representing EnfraGen’s first wind and Costa Rican asset.

EnfraGen’s operational and in-construction assets now total over 2.1 GW of capacity across Chile, Panama, Colombia, and Costa Rica. Simultaneous with the completion of the transaction, Paul Hastings also advised on the refinancing of the Company’s main bank debt facility originally executed in December 2020.

The Paul Hastings team was led by M&A partners Rob Leung and Mike Huang, finance partner Thomas Sines, and derivatives partner Jaime Madell. The team also included Of Counsel Alex Herman and associates Bruna Rey, Maria Eduarda MirandaAnna Hardcastle, and Anna Barbosa

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