Diego Ibarrola

Associate

dibarrola@carey.cl
+56 2 2928 2205



His practice is focused on banking law, lending transactions, project financing, as well as issuance of debt instruments, capital markets and foreign investment.

Formerly, he was part of the Energy group and his professional practice was focused on the development of renewable energy projects, natural resources transactions, and general legal advice on electric and gas regulations.


REPRESENTATIVE EXPERIENCE

  • OPDEnergy, through its subsidiary OPDEnergy Generación, on the borrower's due diligence process and subsequent financing for approx. USD103 million granted by Sumitomo Mitsui Banking Corporation (senior loan) and Banco Security (VAT loan), for the development and construction of two non-conventional renewable energy (NCRE) projects, consisting of the PV solar plant Sol de Los Andes of 104.3 MWp and La Estrella wind farm of 50 MW, that will serve the 2015/1 Tender PPAs with the electricity distribution companies.
  • Mainstream Renewable Power, and its subsidiaries in Chile, on a project finance financing of approximately USD620 million granted by Inter-American Investment Corp., CaixaBank, DNB ASA, KfW IPEX-Bank and Mitsubishi UFJ Financial Group and a VAT financing granted by Banco Santander Chile for approx. USD53 million, for the development and construction of Huemul, a portfolio of five non-conventional renewable energy projects. This portfolio consists of two wind farms (Ckani and Llanos del Viento) and two solar photovoltaic plants (Pampa Tigre and Valle Escondido) located in northern Chile and one wind farm (Puelche Sur) located in southern Chile, with a total capacity of 630 MW. This portfolio will supply part of the energy required for the supply contracts awarded to Mainstream in the 2015/01 supply tender, in which the company was awarded a supply block of 3,366 GWH/year for distribution companies.
  • Copec on a private tender process for the power supply of more than 150 service stations in Chile. The advice included the awarding process, negotiation and subscription of a power purchase agreement (PPA) with Cerro Dominador, awardee of said private tender.
  • Mainstream Renewable Power Chile, through its subsidiary Cóndor Energía, on a financing for approx. USD580 million granted by CaixaBank, DNB, KfW IPEX-Bank, Natixis, SMBC and Société Generale for the development and construction of the Cóndor project, composed by four renewable energy projects: Tchamma, Cerro Tigre and Escondido in the north of Chile, and Alena in the south, including the construction of transmission lines, electrical substations and switchyard substations.Copec on a private tender process for the power supply of more than 150 service stations in Chile. The advice included the awarding process, negotiation and subscription of a power purchase agreement (PPA) with Cerro Dominador, awardee of said private tender.
  • CVC Capital Partners on the local aspects of the acquisition of a 20% stake in Gas Natural Fenosa, owned by Repsol, a Spanish oil and gas company for USD4.7 billion (globally).
  • Marubeni Copper Holdings regarding regulatory and competition issues.
  • S-Energy on the review, due diligence and project finanance of a portfolio of eight solar PMGD projects, their financing process and construction, and on the acquisition of Jahuel project.

ACTIVITIES AND MEMBERSHIPS

  • Analyst, Realidad y Perspectivas Journal, Faculty of Law, Universidad de Chile (since 2020).
  • Researcher of the Department of International Law, Universidad de Chile (2011-2017).
  • Legal Advisor of Generadoras de Chile (2015-2016).
  • Teaching Assistant of Civil Law, Universidad de Chile (2013-2016).
  • Teaching Assistant of International Relations, Universidad de Chile (2010-2017).

EDUCATION

  • Law, Universidad de Chile.
  • Exchange Student, Universithé Catholique de Louvain, Belgium (2013).
  • Degree in International Relations, Universidad de los Andes (2020).

ADMISSIONS

  • Chile (2019).

LANGUAGES

  • Spanish.
  • English.

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