Carlos Viana

Partner, Miami

Biography

Carlos Viana is an award-winning project, acquisition and structured finance lawyer with over 30 years of experience in Latin America.

Overview

Market-leading sponsors, including developers, owner-operators and fund investors and their portfolio companies, look to Carlos for advice on the acquisition, development, financing and sale of major infrastructure, natural resource, industrial and energy projects and portfolios across Latin America. Carlos also guides many of the world's leading financial institutions in all matters relating to project finance, corporate and acquisition finance and structured trade and export finance. According to Chambers USA, clients praise Carlos for being "extremely responsive, proactive and a team leader."

Carlos has market-leading experience of over 30 years in ground-breaking and complex projects, financings and M&A involving Peru, Chile, Mexico, Argentina, Uruguay, Paraguay, Panama, Colombia, Ecuador, the Dominican Republic and/or Central America. He has led major cross-border transactions in those markets for many leading companies in the region, including Celeo Redes, Invenergy, Inkia Nautilus Energy (an ISquared portfolio company), Rio Tinto, Pluspetrol, Arroyo Investment Partners, Sacyr, Atlas Renewable Energy, Neoen, Cubico Sustainable Investments, Eolica Navarra/Enhol, Energuate, Grupo Romero/Tramarsa, Central Puerto, Alicorp, Akuo Energy and BraskemIdesa; and for leading banks in the region, including Sumitomo Mitsui Banking Corporation, Banco Santander, MUFG Bank, Mizuho Bank, Natixis, DnB Nor, The Bank of Nova Scotia, BNP Paribas, BBVA, CACIB, KfW IPEX, Credicorp/Banco de Credito del Peru, Corporacion Andina de Fomento (CAF), Central American Bank for Economic Intergration (CABEI), and Wells Fargo Bank.

Carlos has led our representation in transactions surpassing US$100 billion in value in the aggregate, including the largest completed private investment projects in the history of Mexico, El Salvador and Paraguay, and many of the most critical natural resources, energy/or and infrastructure assets in Chile, Argentina, Peru, Uruguay, Ecuador, Colombia, Panama and Guatemala.
 

Bars and Courts
Florida
New York
Education
JD
Yale Law School
BA
Yale University
magna cum laude
Languages
English
Spanish

Experience

Grupo Enhol on the project financing of a solar project in Peru
Grupo Enhol on the limited recourse project financing of the Illa project, a solar project with an installed capacity of 1.2 TWh and a related transmission line in Arequipa, Peru, and on its equity financing through a NAV facility. The project is the largest solar project in Peru to date and one of the largest solar projects in Latin America and is expected to account for approximately 2.5% of Peru's energy generation.

Pluspetrol acquisition of solar assets in Uruguay
Representation of Pluspetrol in the acquisition of the Cerro Grande and Peralta I and II wind farms in Uruguay, owned by the DIF Infrastructure V and DIF Infrastructure VI funds, managed by CVC DIF. These wind farms constitute the second-largest private renewable power generation portfolio in Uruguay.

Construction loan facility for Kallpa's solar plant in Peru
Representation of Kallpa Generación S.A., the leading Peruvian power company focused on electrical power generation, in a US$130 million bridge loan facility provided by international banks. The proceeds from this construction loan facility were used by Kallpa Generación to refinance short-term indebtedness incurred in connection with the design, development, permitting, engineering, and construction of a 204 MW solar plant in Arequipa, Peru.

Greenfield solar photovoltaic generation projects in Mexico
Representation of:

  • SMBC as sole lead arranger, green loan coordinator, issuing bank, lender and administrative agent in the long-term financing for the development, construction, operation and maintenance of a circa 99 MWac greenfield solar photovoltaic generation project in Navojoa, State of Sonora, Mexico; and
  • SMBC in its role as sole lead arranger, lender and administrative agent in the long-term financing for the development, construction, operation and maintenance of a circa 102 MWac greenfield solar photovoltaic generation project in the Municipality of Navojoa, State of Sonora, Mexico.

Project financing for 900 MW Mexican gas-fired power plant
Representation of Natixis, New York Branch, Citibank, N.A., Crédit Agricole Corporate and Investment Bank, HSBC México, S.A. Institución de Banca Múltiple, Grupo Financiero HSBC and other lead banks in connection with the US$640 million project financing provided to Techgen, S.A. de C.V., for a natural gas-fired combined-cycle 900 MW electric power plant located in the Pesquería area of the State of Nuevo León, Mexico.

Numerous IDB B-bond financings involving energy and infrastructure, transport and logistics project financings

  • Invenergy on the development, construction and financing of the Cardal transmission line project in Uruguay.
  • Salaverry Terminal Internacional (STI) on the original project financing and the refinancing of existing project financing for the development, construction, maintenance and operation of the Salaverry Multipurpose Port, located in the department of La Libertad in the Republic of Peru. This transaction was named "Infrastructure Deal of the Year" by Latin Lawyer, "Ports Deal of the Year" by Proximo Awards and "Infrastructure Financing of the Year" by Latin Finance.
  • Atlas Renewable Energy on its US$114.4 million long-term financing for two solar power projects in Uruguay.
  • Invenergy LLC in the purchase of the 64 MW La Jacinta Solar Farm in Uruguay from Fotowatio Renewable Ventures, and an A Loan and B Bond private placement refinancing.
  • Invenergy LLC and Nicefield S.A. as the borrower in the original project financing and refinancing of the of the 70 MW wind farm project located in Campo Palomas, Uruguay. The deal was recognized as "Project Finance Deal of the Year" by Bonds & Loans.

Financing for a portfolio of nine projects under Chile's PMGD
Representation of Akuo PMGD Holding, a Chile-based joint venture between Akuo Energy and Atlantica Infraestructura Sostenible SLU, as sponsors, in a limited recourse project financing for a portfolio of greenfield solar photovoltaic projects in Chile. The transaction consists of the acquisition and development of a portfolio of nine projects under Chile's PMGD (Pequeños Medios de Generación Distribuida) regime.

São Paulo metro line 6 project financing
Representation of the senior lenders comprising, BNDES, CAF and the commercial banks with the non-recourse senior secured financing for the US$3 billion São Paulo Metro Line 6 project in Brazil, the largest PPP project currently under construction in Latin America. The financing involves a 20-year limited recourse BNDES facility that is supported during the construction period by non-recourse bank guarantees totaling more than US$627 million. This transaction was awarded "Americas Transport Deal of the Year" by PFI Awards, "Latin America Transport Deal of the Year" by IJGlobal, "PPP Deal of the Year" by Proximo Awards and "Deal of the Year" by IFLR Americas Awards.

Solar photovoltaic financing under Chile's PMGD regime
Representation of Toesca Renovables SpA, as borrower, in connection with a non-recourse project financing for a portfolio of greenfield solar photovoltaic projects in Chile, for the acquisition and development of as many as 18 projects for a combined minimum capacity of up to 121.4 MWp under Chile's PMGD regime.

USPP for PMGD projects in Chile
Representation of BNP Paribas as revolving facility senior lender and the note purchasers in connection with the US$290 million private placement of notes issued by Matrix Renewables Chile SpA, the proceeds of which were used to finance a 328 MW portfolio of PMGD projects in Chile. The deal was recognized as "Latin America Renewables Deal of the Year" by IJGlobal.

Acquisition financing of Gasmar in Chile
Representation of Arroyo Energy Investment Partners on the acquisition by its investment vehicle, Inversiones Arco 4 SpA of the shares of Gasmar S.A., and the acquisition financing thereof led by SMBC and BNP Paribas. Our team concurrently advised on the transition of Gasmar from an integrated gas business to a liquid fuels terminal company through the establishment of bankable terminal use agreements.

Cabo Leones and San Pedro project financings in Chile
Representation of the Bank of Nova Scotia, KfW IPEX-Bank GmbH, ING Capital LLC, MUFG Bank, Ltd., Sumitomo Mitsui Banking Corporation and Institute de Credito Oficial E.P.E. as lenders and issuing banks and MUFG Bank Ltd., as administrative agent and intercreditor agent in connection with the non-recourse first/second lien project financings of: (i) the US$217 million financing for a 235 MW wind farm owned and operated by lbereolica Cabo Leones II S.A. located in Atacama, Chile and (ii) the US$103.2 million financing for a 101 MWp solar PV power plant, owned and operated by GPG Solar Chile 2017 SpA located in Antofagasta, Chile.

Project financing for Transmisora Electrica del Norte
Representation of a group of Chilean and international lenders and the fixed rate note purchaser in the long-term project financing for Transmisora Electrica del Norte S.A.'s development of a 600 km electricity transmission line and related substations connecting Chile's central SIC and northern SING grids. The approximately US$822 million financing consisted of Dollar and Chilean Peso senior loan facilities and a private placement under New York law, and a value added tax facility under Chilean law.

Etileno XXI polyethylene project
Representation of Braskem Idesa SAPI in securing US$3.2 billion in financing for the Etileno XXI project, a US$5 billion integrated petrochemicals project located in Veracruz, Mexico.

Invenergy and Energía del Pacifico project financing in El Salvador
Representation of Invenergy and Energia del Pacifico, Ltda. de C.V., as sponsor and borrower respectively, in the development and financing of a 378 MW power plant in El Salvador and its related infrastructure, including a floating storage and regasification unit (FSRU) permanently moored through a modified spread mooring system for liquefied natural gas (LNG) delivery, storage, and regasification, as well as a natural gas pipeline running from the FSRU to the power plant. The deal was recognized as "Energy Project Finance Deal of the Year" by Latin Lawyer and "Central America Infrastructure Financing of the Year" by LatinFinance.

Pecasa wind farm financing
Representation of Akuo Energy Akuo Energy in the project financing of the 50 MW Pecasa project in the Dominican Republic provided by the IFC and comprised by the FMO, the IFC-Canada Climate Change, Proparco and DEG.

Publications

Gigawatts of BESS Opportunities in Chile: Key Risk Considerations for Owners and Investors, White & Case Client Alert, May 2024

Impending USD LIBOR Discontinuation: Key Considerations for Latin America Loan Market, White & Case Article, January 2023

Latin America 2023: Amid turmoil, opportunities, Latin America Focus, October 2022

Awards and Recognition

Top-Ranked: Project Finance — Latin America-wide, Chambers Latin America, 2009-2025

Highly Ranked: Banking & Finance — Latin America-wide, Chambers Latin America, 2009-2025

Top-Ranked: Banking & Finance – Transactional, Chambers USA, 2024

Top-Ranked: Projects and Energy — Latin-America: International Firms, The Legal 500 Latin America, 2012-2025

Top-Ranked: Banking & Finance — Latin America: International Firms, The Legal 500 Latin America, 2012-2025