FernandoVerdín

Associate

Mexico + 52.55.6283.4036

Fernando Verdín's practice is centered on energy and administrative law. He advises clients on the private sector aspects of commercial matters relating to public regulations, the legal and regulatory scope of the Mexican power authority, and the repealed Electric Power Public Service Law.

Fernando guides clients through alternative solutions to complex regulatory problems during the development and acquisition of renewable energy projects and reviews drafts and legal instruments required for the sale and purchase and financing of projects. He also has experience drafting and negotiating power purchase agreements (PPAs).

Fernando recently advised companies in the electricity industry regarding the protection of their rights when implementing new regulatory instruments, policies, grid fees, and criteria imposed by the current federal administration, including representing clients in disputes before judicial courts.

Prior to joining Jones Day, Fernando was advisor to the Deputy Attorney General for Financial Affairs at the Ministry of Finance and Public Credit (SHCP) and Director of Electrical Regulation at the Energy Regulatory Commission (CRE). During his federal public administration service, he participated in the drafting and review of various guidelines related to clean energy and regulated tariffs.

Expérience

  • Ragasa advised in development, construction and operation of cogeneration plant in Nuevo Leon, MexicoJones Day advised Ragasa in the development, construction and operation of a cogeneration plant in isolated supply with a guaranteed minimum generation capacity of up to 18 MW, and up to 105 tons/hour of steam, to be located at Ragasa's facilities located at Nuevo Leon, Mexico.
  • The Mexican Ministry of Defense completes its companies merge to GAFSACOMMJones Day advised the Mexican Ministry of Defense (Sedena), through Grupo Aeroportuario, Ferroviario, de Servicios Auxiliares y Conexos, Olmeca-Maya-Mexica (GAFSACOMM), in the merger of the govermental companies Aeropuerto Internacional de Palenque, Señor Pakal, Aeropuerto Internacional de Chetumal, Cuna del Mestizaje, Aeropuerto Internacional de Tulum, Zamá, and Aerolínea del Estado Mexicano, with GAFSACOMM.
  • Ainda Energía & Infraestructura acquires minority stake in Jaguar Solar HoldingsJones Day advised Ainda Energía & Infraestructura, S.A.P.I. de C.V. in (a) the acquisition through Trust 2695 (Fideicomiso Irrevocable de Emisión de Certificados Bursátiles Fiduciarios de Desarrollo) and Trust 3436 (Fideicomiso Irrevocable de Administración) of up to 19.47% of the capital stock of Jaguar Solar Holdings, S.A. de C.V., holding company and owner of 99.99% of 6 SPVs owners of 6 photovoltaic projects with a combined generation capacity of up to 180MW; and (b) 2 purchase options to increase its participation in the capital stock of Jaguar Solar Holdings, S.A. de C.V.
  • Toyota Motor Manufacturing negotiates power purchase agreement with CFE Calificados, S.A. de C.V.Jones Day assisted Toyota Motor Manufacturing de Guanajuato, S.A. de C.V. as off-taker in the drafting and negotiation of a power purchase agreement with CFE Calificados, S.A. de C.V.
  • Desarrollos Eólicos Mexicanos de Oaxaca 2, Renovalia's subsidiary, refinances MXN$3.5 billion banking debtJones Day represented Desarrollos Eólicos Mexicanos de Oaxaca 2, S.A.P.I. de C.V., a Renovalia subsidiary, in connection with the refinancing of its MXN$3.5 billion (US$177.5 million) banking debt with Banco Mercantil del Norte, S.A., Institución de Banca Múltiple; CaixaBank, S.A.; and Nacional Financiera, S.N.C., Institución de Banca de Desarrollo.
  • Grupo Porcicola Mexicano negotiates power purchase agreementJones Day assisted Grupo Porcicola Mexicano, S.A. de C.V., as consumer, in a power purchase agreement with Eólica del Golfo 1, S.A. de C.V., as producer, for 40,000 MWh per year.
  • Spanish bank provides financing for construction and installation of two substation works located in State of Veracruz, MexicoJones Day represented a Spanish bank in connection with the financing for the construction and installation of two substation works with 115 kV voltages and a total capacity of 20 MVAr of compensation and 1 high voltage surge, and of a high-voltage line with 115 kV voltage, which will be located in the State of Veracruz, Mexico and to be owned by CFE Distribución.
  • Iberdrola acquires Tamazunchale Energía, S.A.P.I. de C.V.Jones Day advised Iberdrola Energía Tamazunchale, S.A. de C.V. and Iberdrola Generación México, S.A. de C.V in the acquisition from PROTAMA, S.A. DE C.V., as seller, of 100% of the stock capital of Tamazunchale Energía, S.A.P.I. de C.V., a company which is developing a cogeneration project with an installed capacity of 532 MW in San Luis Potosí, Mexico.
  • UPL acquires Arysta LifeScience from Platform Specialty Products Corporation for $4.2 billionJones Day advised UPL Limited ("UPL"), a leading global generic agrochemical company based in India, in connection with its subsidiary, UPL Corporation Limited’s, US$4.2 billion acquisition and related $3 billion term financing of Arysta Lifescience Inc. (“Arysta”), a global provider of crop protection solutions, including bio-solutions and seed treatment, from NYSE listed Platform Specialty Products Corporation (“Platform”).
  • Parque Industrial de Energía Renovable and PIER IV enter into credit contract to fund windfarm energy projects in Puebla, MéxicoJones Day advised Parque Industrial de Energía Renovable, S.A. de C.V. and PIER IV, S.A. de C.V., as borrowers, in a Simple Credit Opening Contract with Fiduciary and Pledge Guarantees in connection with windfarm energy projects in Puebla, Mexico.