08 Sep 2017

Macquire Capital acquires Norte III power plant in Mexico

News, ,
Macquarie Capital together with Techint, today announced the completion of the acquisition and financing of Norte III, a 907MW combined-cycle gas plant, under construction near Ciudad Juarez, Mexico. The Project was acquired from Abengoa S.A. and its affiliates, and will remain contracted with the Comisión Federal de Electricidad ("CFE"), under the same scope and power price agreed on the awarded contract. The Project has received broad-based financing support, with the Macquarie Capital-Techint Consortium securing new funds from ten different financial institutions. SMBC and Natixis served as Coordinating Lead Arrangers; Bancomext, Crédit Agricole, GE, EDC, Norinchukin Bank, KDB, KfW, and Intesa…
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29 Aug 2017

Mexican renewable energy financings

News, USA,
Norton Rose Fulbright New York and Mexico City offices advised lenders: Inter-American Investment Corporation (IIC), acting on behalf of the Inter-American Development Bank (IDB) Group; the International Finance Corporation (IFC), the Bank of Tokyo Mitsubishi UFJ Financial Group (MUFG); and Mexican development banks Banobras and Bancomext in the US$230 million financing of the development, construction and operation of three major renewable energy projects. The projects, all based in Aguascalientes, Mexico are 150 MW Solem One and 140 MW Solem Two solar PV projects. The projects are sponsored by Cubico Sustainable Investments Limited and Alten R.E. Developments America B.V.
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21 Aug 2017

Vista makes IPO in Mexico

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Vista Oil & Gas has been assisted by Latham & Watkings and Creel, Gacria-Cuellar, Aiza y Enriquez SC in raising US$650 million. Vista is the first investment company to be listed on the Mexican Stock Exchange. The company has the backing of Riverstone Capital, a US private equity firm.  
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