Oppenhoff advises CCE Group on construction and operation of the utility scale Solar PV Park “Sol de Varas” (Chile)

Oppenhoff has advised CCE Group on the implementation of the 107 MWp-Solar PV Park “Sol de Varas” in the north of Chile. Oppenhoff accompanied the complex contract drafting and negotiation process for the construction, commissioning, operation and maintenance of the utility scale solar park (EPC and O&M contracts), which has a design life of approximately 30 years.

With this new project, CCE Group consolidates its position in the Chilean Solar PV market: the company is currently developing the La Huella PV Solar Park and has thus secured a pipeline of more than 300 MWp.

The CCE Group has also recently successfully placed the first corporate bond with a total volume of 30 million euros for the financing of its international photovoltaic pipeline. Part of the bond was already subscribed by institutional and private investors during the subscription period.

The Oppenhoff team led by Edder Cifuentes (Chilean law, Co-Director of the Latin America Desk and member of the Energy & Infrastructure Group at Oppenhoff) included Alf Baars und Simon Sawert (Corporate/M&A). In Chilean tax, finance and environmental law, Bofill Mir & Álvarez Jana Abogados (Santiago de Chile) acted for the CCE Group.

With Project Sol de Varas, Oppenhoff continues its solid track record of advise on large-scale renewable energy projects in Chile: the firm has already advised on projects amounting to over 300 MWp. This volume can supply around 200,000 households with green energy.

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