Latin Lawyer | Brazilian solar projects get finance from BNDES

Eloise Hardy 02 August 2019

Brazilian firm Cascione Pulino Boulos Advogados has helped the controlling shareholders of two solar power plants in the south-eastern state of Minas Gerais obtain finance worth some 200 million reais (US$54 million).

Controlling shareholder Global Power Generation (GPG), a subsidiary of Spain’s Naturgy Energy Group, got the credit line from the Brazilian state-owned development bank (BNDES) for its Guimarania I Solar and Guimarania II Solar projects. BNDES was advised by in-house counsel. The deal closed on 10 July.

The financing is the first GPG has obtained from BNDES. The two plants will add 82 megawatts to GPG’s capacity in Brazil.

Counsel to Global Power Generation

Cascione Pulino Boulos Advogados
Partner Daniel Engel and associates Karina Deorio and Maximilian Kiderlen Fritz

Counsel to BNDES

In-house counsel – Tatiana Alvarenga Gouveia

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