HOUSTON, March 17, 2014 -- At a ceremony held at Cipriani in New York on March 13, Globeleq Mesoamerica Energy SA (GME) was awarded Project Finance Magazine’s “Latin America Wind Deal of the Year for 2013” for the 50 MW Orosí wind generation project in Costa Rica. Baker Botts served as counsel to GME on this project.
The Globeleq in-house legal team was led by Marisa Bascope, and the Baker Botts team was led by Carlos Solé, Partner (Houston), with support from Bill Giusti, Retired Partner (New York), Lindsey Blankenau, Associate (Houston) and David Jetter, Senior Associate (Houston).
“We are extremely grateful to have been able to aid in such an important transaction and are excited to add this experience to our expertise in the region” said Carlos Solé, co-chair of the firm’s Latin America practice and a Global Projects Partner at Baker Botts.
The Orosi wind farm is being built under a build, operate, transfer (BOT) agreement in Guanacaste province; Spanish wind turbine manufacturer Gamesa has been tasked with installing 25 wind turbines and will operate and maintain the site for five years. Construction has already commenced on the project and is expected to be completed by early 2015.
Equity for the Orosi project will be contributed by Globeleq and its partner Mesoamerica Power through GME and the Export-Import Bank of the United States, Banco Internacional de Costa Rica (BICSA), and FMO, The Netherlands Development Finance Company will provide approximately $105 million in project debt financing.
To view the complete Project Finance Magazine article on this award, please click here. (Subscription required)
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