Energy Market Newsletter for Chile and Peru – September 2023
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Energy Market Newsletter for Chile and Peru – September 2023

We are pleased to showcase the main legal and market developments for the energy sector in Chile and Peru. Garrigues teams focused on Energy in Chile and Peru address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft bills, summaries of new laws, relevant case law and trends…

The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco
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The Government of Mexico calls to bid for the procurement of drilling services for geothermal wells in Baja California, Michoacán and Jalisco

The deadline to submit offers for the five wells located on the two parcels is October 16. Through the Financing and Risk Transfer Program for Geothermal Energy in Mexico, the Inter-American Development Bank (IDB) will allocate funds for this new tender after the first one was declared cancelled last July 2023 due to lack of…

Garrigues Mexico obtains the “Socially Responsible Enterprise” distinction for the eighth consecutive year

Garrigues Mexico obtains the “Socially Responsible Enterprise” distinction for the eighth consecutive year

The Garrigues Mexico office has been recognized, for the eighth year in a row, as a Socially Responsible Enterprise (ESR® 2023), a distinction awarded by Centro Mexicano para la Filantropía (Cemefi) with a view to encouraging companies to initiate corporate social responsibility and sustainability practices that have a positive impact on society. READ MORE

Elecnor registers a €400 million commercial paper program on the MARF linked to sustainability targets
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Elecnor registers a €400 million commercial paper program on the MARF linked to sustainability targets

Elecnor has just registered a multi-currency commercial paper program on the Alternative Fixed-Income Market (MARF) with a maximum outstanding balance of €400 million. For this program, which is linked to the fulfillment of sustainability targets and runs until June 2024, the company has engaged the services of G-advisory, which will handle the necessary reports. The…

Luis Cabrera, ESG director of G-advisory, reelected as chairman of the National Association of Energy Service Companies (ANESE)
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Luis Cabrera, ESG director of G-advisory, reelected as chairman of the National Association of Energy Service Companies (ANESE)

Last Friday, ANESE (National Association of Energy Service Companies) held its general assembly of members at which the members voted on the new leadership board. Luis Cabrera, ESG director of G-advisory, was reelected as chairman for another three-year term. It marks the second time that Luis Cabrera has been reelected to the position that he…

ESG ratings: sustainability ratings move forward in tandem with credit ratings

ESG ratings: sustainability ratings move forward in tandem with credit ratings

Two analysts, one from a credit agency and another from a sustainability rating agency, analyze, together with Garrigues, the keys to assessing ESG factors at companies. A good ESG rating can determine whether a company is financially stable or an investment is safe. For that reason, it is vital to know what exactly ESG ratings…

By 31 December 2023, producers must notify how they will meet their container obligations

By 31 December 2023, producers must notify how they will meet their container obligations

They will have to choose between an individual scheme or join a collective extended liability scheme On December 29, 2022, Royal Decree 1055/2022, of December 27, 2023 on containers and waste containers came into force, with the exception of the obligations imposed in relation to the container market, which will do so in 2025. READ MORE

G-advisory participates in the first long-term energy sale and purchase agreement with a sovereign guarantee in Spain
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G-advisory participates in the first long-term energy sale and purchase agreement with a sovereign guarantee in Spain

The companies Sonnedix and Sidenor Aceros Especial have signed the first long-term energy sale and purchase agreement for electricity-intensive industries. This is the first agreement of its kind backed by the Spanish Guarantee Reserve Fund for Electricity-intensive Entities (FERGEI) belonging to the Ministry of Industry, Trade and Tourism, whose operations are managed by Cesce. G-advisory took part…

Dispute resolution clauses in energy projects in Latin America

Dispute resolution clauses in energy projects in Latin America

In recent years, the number of infrastructure projects in the energy sector in Latin American countries has increased, and therefore, the possibility of disputes arising relating to them. In this article we discuss primarily dispute resolution clauses and the key points to be taken into account when agreeing on them. READ MORE