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, y sus filiales en Chile, en un financiamiento bajo la modalidad de project finance, por aprox. US$620 millones, otorgado por Inter-American Investment Corp., CaixaBank, DNB ASA, KfW IPEX-Bank y Mitsubishi UFJ Financial Group y un financiamiento de IVA otorgado por Banco Santander Chile por aprox. US$53 millones, para el desarrollo y construcción de Huemul, un portafolio de cinco proyectos de energía renovable no convencional. Este portafolio está compuesto por dos parques eólicos (Ckani y Llanos del Viento) y dos plantas solares fotovoltaicas (Pampa Tigre y Valle Escondido) ubicadas en el norte de Chile y un parque eólico (Puelche Sur) ubicado en el sur de Chile, de una capacidad total de 630 MW. Este portafolio suministrará parte de la energía necesaria para los contratos de suministro adjudicados a Mainstream en la licitación de suministro 2015/01, en la cual la compañía se adjudicó un bloque de suministro de 3.366 GWH/año para las empresas distribuidoras.
  • 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.