10 Nov 2025

Norton Rose Fulbright represents AES Andes in over US$1 billion financing for Chile renewable projects

"Norton Rose Fulbright advised AES Andes on financings for two renewable energy projects in Chile’s Antofagasta region: the Cristales solar-plus-storage project (US$459.5m) and the Pampas hybrid solar, wind and storage project (US$548.9m), together totaling more than US$1 billion."

Norton Rose Fulbright represented AES Andes in the financings for two renewable energy projects in Chile’s Antofagasta region. The transactions comprised two separate project financings totaling in excess of US$1 billion. The Cristales project closed on 13 August 2025 and involved a US$459.5 million financing for a 287.6 MWp solar plant paired with a 340 MW/4-hour battery energy storage system. The Pampas project closed on 16 October 2025 and secured US$548.9 million in senior secured construction and term financing for a hybrid development combining solar, wind and battery energy storage. Norton Rose Fulbright represented AES Andes with a team composed by: Raquel Bierzwinsky (team lead, New York); Micaela Garcia Ribeyro (Washington, DC); and Fiorella Ruiz del Campo (New York). This team led the Cristales financing. Norton Rose Fulbright represented AES Andes with a team composed by: Raquel Bierzwinsky (team lead, New York); Micaela Garcia Ribeyro (Washington, DC); Fiorella Ruiz del Campo (New York); and Laura Salazar Alvarez (New York). This team led the Pampas financing.
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