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).