Mijares, Angoitia, Cortés y Fuentes, S.C. advised Copenhagen Infrastructure Partners (CIP) on the Mexican law aspects of development and financing of La Esperanza Solar, a 420 MWdc solar photovoltaic project combined with a 150 MW/5-hour (750 MWh) energy storage system located in the State of Campeche, in the Yucatán Peninsula.
La Esperanza Solar recently achieved financial close and is moving forward with its construction phase, marking a significant step for CIP in the development of its project portfolio in Mexico.
La Esperanza Solar is one of the largest combined solar energy and battery storage projects in Mexico. The project will contribute to strengthening the reliability, resilience and flexibility of the electricity system in the Yucatán Peninsula, while supporting greater integration of renewable energy into the national power grid.
Commercial operations are expected to begin in 2028.
The financing of the La Esperanza Solar project comprises credit facilities of approximately USD 510 million, provided by a consortium of five international and regional commercial banks: BNP Paribas, JPMorgan Chase Bank, Natixis CIB, Santander and Scotiabank.
Mijares’ team was led by Partner Horacio M. de Uriarte and Luis A. Monroy, with the participation of Counsel Jaqueline Aranda, as well as Associates Aisha Calderón, Francisco Romero, Paulina Martínez, María Fernanda Picazo, Marielle Labastida, Mariel Backal, Erin Castro, Diego Martínez, Andrea Arévalo, Christiane Devlyn, and Daniela Cabeza de Vaca, as well as Ana Lucía Pérez, an intern at the firm.
La información contenida en esta publicación es de carácter general y tiene fines exclusivamente informativos. No constituye asesoría legal ni debe considerarse una opinión jurídica para casos específicos. Si requiere asesoría sobre un asunto en particular, por favor contacte a nuestro equipo.
Awards
