Juan Carlos Llorens Rojas

Local Partner, Mexico City

Biography

Overview

Juan Carlos joined White & Case in 2013. He focuses on corporate law, energy, infrastructure and project financing.

As part of his practice, Juan Carlos has provided legal counseling to both developers and lenders in the design, implementation, collateralization and development of a number of energy and infrastructure projects, as well as cross-border transactions: these projects include power—private developers and IPPs— and oil and gas activities. These projects include the generation and commercialization of electricity, under schemes of development and investment of private capital under schemes under the Law of the Public Service of Electric Power (self-supply and independent production of energy) and in the new electrical industry in Mexico. Additionally, Juan Carlos has focus his practice in the development of renewable energy projects.

Within his practice in the energy sector, Juan Carlos has experience in negotiating power purchase agreements (conventional and renewable generation) power hedge agreements, project financings, interconnection agreements, natural gas and other fuel supply agreements, including Base Contracts for Sale and Purchase of Natural Gas under the North American Energy Standards Board (NAESB), asset management agreements, natural gas transportation services agreements as well as in obtaining the permits to the Energy Regulatory Commission and other authorities.

Juan Carlos has also advised some governmental entities in the planning and development of provisions related to the energy sector. Juan Carlos has extensive experience and has actively participated in bidding procedures before various entities, agencies and government authorities.

From October 2017 to January 2019, he was assigned as a foreign associate to the Firm's New York office. Before joining White & Case, SC, Juan Carlos worked in a prestigious law firm in Mexico specializing in Energy Law.

Bars and Courts
Authorized to practice law in Mexico
Education
LLM
International Economic and Business Law
Rijksuniversiteit Groningen
The Netherlands
Universidad Panamericana
Mexico
Languages
Spanish
English
German

Experience

IDB Invest on an up to MXN 1.3 billion limited recourse financing for Konfio, a fintech company based in Mexico, involving a secured revolving credit facility with borrowing base and warehouse features to be used for financing and enabling the securitization of receivables from loans made to sole propietors of small-and medium size enterprises.

IDB Invest in the USD$20 million financing to Hifin Solution, S.A. de C.V., the financial arm of the company Hitec Global Holding Limited ("Hi-Tec Group"), to finance the acquisition of high-precision machines among micro, small and medium-sized companies in Mexico. Hi-Tec Group is the leading distributor in Mexico of high-precision, computer numerical control machinery used to improve manufacturing processes.

IDB Invest on the US$200 million financing to ENEL Green Power Mexico for a portfolio of wind and solar projects in Mexico comprising a 244 MW wind farm in the municipality of China, Nuevo León, a 149 MW wind farm in the municipality of Acuña, Coahuila, and a 220 MW photovoltaic plant in the municipalities of Tlaxco and Hueyotlipan, Tlaxcala.

Natixis, New York Branch as administrative agent, and other lead banks, on the US$640 million project financing of a natural gas-fired combined cycle 900 MW electric power plant located in the Pesquería area of the State of Nuevo León, Mexico.

SMBC in its role as sole lead arranger, lender and administrative agent in the long-term financing for the development, construction, operation and maintenance of a 100 MWac greenfield solar photovoltaic generation project in Hermosillo, State of Sonora, Mexico. The borrower is a joint venture among Canadian Solar, a leading renewables energy company, Korea Electric Power Corporation and Sprott, an equity fund. The financing is supported by a PPA awarded in Mexico's Third Long Term Renewable Energy Auction, and we are advising SMBC in the midst of a complex regulatory environment in Mexico as result of the administrative orders issued by the Ministry of Energy and the Mexican National Energy Control Centre (CENACE) affecting the Mexican renewable energy market in Mexico. Our firm is also representing an affiliate of SMBC on the VAT facility to be extended to the project company to finance 80 per cent of the VAT applicable to the project costs. The operation of the power plant will represent a significant impact and commitment to the reduction of CO2 emissions in Mexico.

SMBC in its role as sole lead arranger, lender and administrative agent in the long-term financing for the development, construction, operation and maintenance of a circa 102 MWac greenfield solar photovoltaic generation project in the Municipality of Navojoa, State of Sonora, Mexico. The borrower is a joint venture among Canadian Solar, a leading renewables energy company, Korea Electric Power Corporation and Sprott, an equity fund. The financing is supported by a PPA awarded in Mexico's Third Long Term Renewable Energy Auction, and we are advising SMBC in the midst of a complex regulatory environment in Mexico as result of the administrative orders issued by the Ministry of Energy and the Mexican National Energy Control Centre (CENACE) affecting the Mexican renewable energy market in Mexico. Our team is also representing an affiliate of SMBC on the VAT facility to be extended to the project company to finance 80 per cent of the VAT applicable to the project costs. The operation of the power plant will represent a significant impact and commitment to the reduction of CO2 emissions in Mexico.

The senior lenders in connection with the development and financing of a waste-to-energy project located in Mexico.
Compañía de Electricidad Los Ramones, in the project development and limited recourse financing of its 689MW simple cycle power generation facilities located in Los Ramones, Nuevo León, Mexico.

Private developers in their generation energy projects, including obtaining from the Energy Regulatory Commission (the appropriate permissions; and the negotiation and execution of agreements with third parties.

Invenergy, the main developer, constructor, owner and operator of energy generation and storage projects in North America and Europe, in the preparation of certain power and capacity purchase agreement, under the hedge agreement modality, generated by the Los Ramones power plant.

A qualified user in the preparation and negotiation of a PPA for power, capacity, clean energy certificates and IRECs with a qualified service provider in Mexico.

Starwood in the preparation and negotiation of two PPAs for power, capacity and clean energy certificates, under the hedge agreement modality, with two qualified service providers.

Potential buyers in the preparation of a due diligence report for the potential acquisition of certain energy projects, including the review and analysis of certain coverage agreements for the purchase of energy and power.

Traders in the negotiation and execution of supply and transportation agreements of natural gas, oil and petrochemicals.
Corporate offtakers in the negotiation of power purchase and sale agreements applicable to solar, wind and other renewable resource facilities.

Power generators in the negotiation of electric hedge agreements.

CFE, the Mexican state-owned electric utility, as lead counsel in connection with the transformation of CFE into a state enterprise (empresa productiva del Estado) and the incorporation of its subsidiaries and affiliates. He also represented CFE and its affiliates in the negotiation of several long-term power purchase agreements with a number of private developers in keeping with the recent reform in the electric power industry.

Represented BlackRock Inc., the largest investment manager in the world, and First Reserve Energy Infrastructure GP II Limited, the largest global private equity and infrastructure investment firm exclusively focused on energy, in (i) their acquisition of 45 percent of TAG Pipelines Sur, a company incorporated as a joint venture between PEMEX and GDF Suez, which is currently developing the Ramones Phase II South Natural Gas Transportation System, which will comprise a new natural gas pipeline of circa 291.5 km in length and 42 inches in diameter; and (ii) their acquisition of 45 percent of TAG Norte Holding, a company incorporated as a joint venture between PEMEX and Sempra's Mexico unit (IEnova), which is currently developing the Ramones Phase II North Natural Gas Transportation System, which will comprise a new natural gas pipeline of circa 441 km in length and 42 inches in diameter.

Represented the State of Puebla in the elaboration of the bidding guidelines and the Public-Private Partnership for the construction, management and operation of an international baroque museum to be located in the State of Puebla.

Publications

From October 2017 to January 2019, he was assigned as a foreign associate to the Firm's New York office. Before joining White & Case, SC, Juan Carlos worked in a prestigious law firm in Mexico specializing in Energy Law.

Global Renewable Energy Guide, Mexico Chapter, 2015
Thesis, "The Protection of Creditors in the Groups of Companies: A Comparative Study", Thesis, Rijksuniversiteit Groningen, The Netherlands.

Thesis, "Renewable Energies in the Mexican Legal System. Analysis and Future Perspective", Thesis, Universidad Panamericana, Mexico.