Campo Palomas Wind

On March 31st 2016, Invenergy Wind LLC (“Invenergy”) announced the closing of the acquisition and financing of the 70 MW Campo Palomas Wind Farm, located in the Salto Department of Uruguay. Abengoa affiliate Teyma Uruguay is acting as the contractor of Balance of Plant work, and the plant will comprise 35 Vestas V110 - 2.0 MW wind turbines.

Project financing was provided by the Inter-American Investment Corporation, and DNB acted as the Mandated Lead Arranger and B-Loan Participant. The state-owned utility Usinas & Trasmisiones Electricas (UTE) will be the offtaker/lessor for the full capacity of the wind farm under a long-term lease agreement.

Whereas Voltiq acted as the mandated financial advisor to the sponsor, White & Case and Hughes & Hughes acted as the sponsor's legal advisors, and Clifford Chance and Ferrere provided counsel to the lenders.