White & Case Advises Solek Latam Holding on Agreement with BlackRock's Global Renewable Power Fund III to Acquire Up to 200 MWs of Solar Power Plants in Chile
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Global law firm White & Case LLP has advised Solek Latam Holding SpA, a Chilean subsidiary of Solek Holding SE, on negotiating and signing a framework agreement to develop, build and sell solar projects in Chile pursuant to which BlackRock's Global Renewable Power Fund III has agreed to purchase up to 200 MWs of qualifying projects.
The deal enables Solek to develop up to 28 individual photovoltaic power plant projects with an aggregate capacity of up to 200 MWs. Each project will be constructed and connected under Chile's PMGD/PMG (distributed generation projects) program, which is one of the pillars of the country's strategy to become carbon-neutral by 2050.
The Solek Group is a leading renewable energy group of companies with a focus on solar energy. The company is headquartered in Prague and has built power plants in five countries in Europe and South America.
The White & Case team was led by partners Thomas Pate (New York) and Rodrigo Dominguez (Houston), and included associate Luisa Muskus (Houston).
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