Cases & Deals

Iberdrola Renovables México subsidiary obtains financing for wind farm project in Puebla, Mexico

Clients Iberdrola Renovables México, S.A. de C.V.

Jones Day advised Pier II Quelcholac Felipe Ángeles, S.A. de C.V., a subsidiary of Iberdrola Renovables México, S.A. de C.V., in connection with a MXN$1.121 billion (US$60 million) loan provided by Nacional Financiera, S.N.C., Institución de Banca de Desarrollo for the construction and development of a wind farm project with a total generating capacity of 66 MW located in Puebla, Mexico. In addition, Jones Day assisted in the drafting and negotiation of the trust agreement and the floating lien pledge agreement that secured the loan agreement.