Global law firm White & Case LLP has advised Atlas Renewable Energy in connection with closing its limited recourse financing for the Lar do Sol – Casablanca project, a bi-facial technology solar project with a combined installed capacity of 359 MWp (the "Project"). The Project is located in the State of Minas Gerais, Brazil.
The proceeds of the financing, provided by IDB Invest and DNB Bank ASA, will be used to design, construct, commission and operate the Project as well as a transmission line to the Pirapora II sub-station, which will interconnect the Project with the electrical grid. The loan facilities include US dollar-denominated loans and Brazilian reais-denominated loans.
The White & Case team worked on a number of aspects of this landmark transaction, including negotiating aspects of the 15-year contract signed between Atlas Renewable Energy and Anglo American, as offtaker of the Project.
"We are very fortunate to have played a role in this important transaction that is helping to change the landscape for international financing transactions in Brazil for the renewable power industry," said Thomas Pate.
The White & Case team that advised on the transaction was led by partner Thomas Pate in New York and included associates Chris Bergan, Helena Buitrago and Camille Mendoza in Miami.
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