Milbank advised BNP Paribas, Citibank and Scotiabank as the joint lead arrangers and lenders in connection with the $441 million acquisition of a 49% stake in a 734 MW renewable power portfolio in Chile owned by AES Andes, a subsidiary of AES Corp., by Global Infrastructure Partners (“GIP”). The portfolio consists of the operational 110 MW Los Cururos wind farm as well as development-stage assets including a 110 MW wind project, a 73 MW wind project, a 67 MW wind project and two solar projects totaling 374 MW including co-located battery storage, all of which are under construction. The Milbank team was led by Global Project, Energy and Infrastructure Finance partners Dan Bartfeld and Jaime Ramirez and Corporate partner Brett Goldblatt with support from associates Sean C. O'Neill, Ariel Oseasohn, Zach Shepperd and Roy Jackson. Mr. Bartfeld noted, “We are pleased to have worked with the lenders and GIP on this important acquisition and strategic partnership. This transaction marks yet another successful renewable power financing in Latin America, and we are honored to play a part in the continued development and growth of Chile’s green energy platform.” Milbank continues to have the lead legal role in many of the most significant Latin American power, energy and infrastructure matters and regularly advises clients on a wide range of development, financing and acquisition matters. Recognized as the “Latin America Legal Advisor or the Year” by IJGlobal, Milbank has advised on eight renewables projects that have closed in the region this year, including our representation in connection with Mainstream’s $1.8B 'Andes Renovables' Platform, Sonnedix’s Meseta del Los Andes Solar project, a solar portfolio by EnfraGen, the Rule 144A green project bond offering for ILAP, Solek’s 110 MW PMGD solar portfolio, the 101 MW San Pedro solar project and the 204 MW Cabo Leones II wind farm in Chile and the 99 MWa (125.83 MWdc) El Mayo PV power plant in Mexico.