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Mayer Brown announced today that it represented the noteholders on the private placement of approximately $135.8 million in investment-grade rated project bonds issued to partially re-finance the 70-megawatt Campo Palomas wind energy project in Uruguay. The notes were “green bonds,” or bonds whose proceeds are allocated to financing environmentally-friendly projects.
The transaction demonstrates growing international investment in Uruguay’s non-conventional renewable energy market, which now constitutes more than 20 percent of the energy generated in the country.
The Mayer Brown team was led by partner Christopher Erckert (New York/Washington DC) and included partners David Bakst (New York), Daniel Favero (Chicago) and Russell Nance (New York), and associate Valentina Castillo (Washington DC).
The transaction demonstrates growing international investment in Uruguay’s non-conventional renewable energy market, which now constitutes more than 20 percent of the energy generated in the country.
The Mayer Brown team was led by partner Christopher Erckert (New York/Washington DC) and included partners David Bakst (New York), Daniel Favero (Chicago) and Russell Nance (New York), and associate Valentina Castillo (Washington DC).
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March 142019
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