November 28, 2023

Milbank Advises Lenders and Hedge Counterparties on EnfraGen’s Financing of the Acquisition of Six Renewable Operating Assets in Panama and Costa Rica

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Milbank LLP represented the lenders and hedge counterparties in connection with the financing of EnfraGen, LLC’s acquisition of six assets in Panama and Costa Rica with a combined capacity of 188 megawatts (“MW”) of renewable energy from Celsia S.A.

They include:

  • Dos Mares Hydro Complex: three hydro plants in Panama totaling 119 MW of installed capacity
  • Prudencia and Divisa: two solar PV plants in Panama totaling 19.7 MW of installed capacity
  • Guanacaste Wind Farm: one wind installation located in Costa Rica totaling 49.5 MW of installed capacity

The Milbank team was led by Global Project, Energy and Infrastructure Finance partners Jaime Ramirez and Dan Bartfeld, along with special counsel Kristina Hokenberg and associate Anya Andreeva-Quirk. The team also included Alternative Investments partner John Williams and associates James Cleary and Kaitlyn Tsai.