13 September 2010
13 September, 2010 – Mayer Brown, a leading global law firm, represented the International Finance Corporation, Export-Import Bank of the United States, the Inter-American Development Bank and the Clean Technology Fund, an affiliated fund of the World Bank, who together provided project financing for the 67.5 megawatt La Mata – La Ventosa wind power project near Oaxaca, Mexico.
Sponsored by EDF Energies Nouvelles, an affiliate of Electricite de France, the project will provide wind power to supply energy needs of Wal-Mart in Mexico. The project comprises 27 turbines with a capacity of 2.5 megawatt each, supplied by U.S. manufacturer Clipper Windpower. The transaction was named “Ex-Im Bank Deal of the Year” at the bank’s annual conference in March.
The Mayer Brown Global Projects and Renewable Energy team was led by Chicago partner Barry Machlin and included Chicago associates Stephanie Roark, Nate Galer; and New York associate Laura Rosiecki. They were assisted by Houston partner Rob Goldberg, New York counsel Pamela Sackmann, Washington, DC partner David Bloom and Charlotte associate Will Walker.