TransAntartic PPA with Walmart

Deal description

We assisted renewable energy developer TransAntartic Energy (“TAE”) in the negotiation and execution of a NCRE PPA with Walmart for energy supply to Walmart in several regions. We also previously assisted TAE in the private bidding process for energy supply to Walmart and it was successfully partially awarded to them.

Complexity to this assistance is that numerous parties were involved in the process due that Walmart acquired energy for more than 270 GWh/per year, and held a bidding process for the said supply.

Also, because the PPA had to be authorized by the lenders of the San Pedro I wind farm.

Counsel list

Counsel to TAE: Guerrero Olivos

Partner Clemente Pérez and associate Felipe Frühling

Itau CLO: Pablo de la Cerda Merino

Counsel to BICE: Macarena Rodriguez Salas

Date of closing

PPA was executed on 16/10/2017 and other agreements were executed during November and December 2017. Information had to be maintained confidential until 28/12/2017.

Deal value


Jurisdictions involved