Hunton Andrews Kurth Represents IDB Invest in Dollar/Peso Loan to Bright Mexico Solar Holdings II, S. de R.L. de C.V.

On March 19, 2020, Inter-American Investment Corporation (“IDB Invest”), acting on behalf of Inter-American Development Bank (“IDB”), and as agent on behalf of IDB, in its capacity as administrator of the Canadian Climate Fund for the Private Sector in the Americas (“C2F”), closed on a secured loan facility to Bright Mexico Solar Holdings II, S. de R.L. de C.V. (“Bright”) to finance distributed generation solar projects in Mexico. The IDB loan was for an amount up to MXN$ 228,391,500 and the C2F loan was for an MXN$ equivalent amount up to $5,000,000. The first disbursement occurred on May 21, 2020. The proceeds of the loan facility will be used by Bright to purchase rooftop solar PV systems installed and leased to residential users in Mexico.

The U.S.-based firm of Hunton Andrews Kurth LLP advised IDB Invest as international counsel. Local legal advice to IDB Invest was provided by Creel, García-Cuéllar, Aiza y Enríquez, S.C. The U.S.-based firm of Blohm Law, P.C. advised Bright as US counsel while local legal advice to Bright was provided by Greenberg Traurig, S.C.

Hunton Andrews Kurth Lawyers:

Vera Rechsteiner, Partner
Alejandro Silva, International Counsel
Siddharth Sethy, Counsel

IDB Invest In-house Counsel:

Katherine Scheider Hallahan

Creel Lawyers:

Mercedes Haddad A., Partner
Adriana Colliers Fuertes, Senior Associate
Javier Lavalle Albarrán, Associate
Alejandra Figueroa Ramírez, Junior Associate

Blohm Lawyers:

Ken Blohm, Partner

Greenberg Traurig Lawyers:

Arturo Pérez-Estrada, Shareholder
David Argueta, Associate