TransAntartic PPA with Walmart
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 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.