Opdenergy divests majority stake in two solar photovoltaic plants in Mexico totaling 144MWp and forms Vera Renovables

Client(s) Opdenergy

Jones Day represented Otras Producciones de Energía Photovoltaica, S.L. ("OPDE"), a member of the OPDE Group, in connection with the sale of 80% of its equity interests in two photovoltaic power plants, and associated electrical substations and interconnection lines, located in the Mexican states of Aguascalientes (34.2 MW) and Coahuila (82.5 MW) to an affiliate of Riverstone Holdings, an energy and power-focused private investment firm. As a part of the transaction, OPDE entered into a joint venture agreement and a management agreement with Riverstone pursuant to which OPDE and Riverstone jointly acquire, finance, develop, construct, and operate new photovoltaic solar power projects in Mexico.