DLA Piper advises Solengy in securing US$13.5 million for solar investment projects

DLA Piper advised Solengy Haiti S.A. (Solengy), a leading solar energy company, in securing US$13.5 million from IFC, a member of the World Bank Group, and IDB Invest, the private sector arm of the Inter-American Development Bank.

With this investment, Solengy aims to help transform the Haitian energy sector and support the installation of 10 MWp of solar PV and 20 MWh of storage, as well as expand the role of distributed generation in the market. It will provide reliable energy, enhancing economic competitiveness by providing businesses with a more reliable and cost-effective energy supply.

“This investment helps pave the way for increased electricity in Haiti, a vital resource that remains crucial for a nation that has faced so many profound challenges. It was an honor to advise Solengy on an opportunity that will provide a significant impact for the Haitian community,” said Margarita Oliva Sainz de Aja, the DLA Piper partner who led the deal team.

In addition to Oliva (New York), the DLA Piper team included associate Daniel Barron and visiting attorney Andre Schwartz (both in New York).

DLA Piper in Latin America’s Team offers full-service business legal counsel to domestic and multinational companies with interests in and operations throughout the region. Our integrated approach to serving clients combines local knowledge with the resources of the DLA Piper global platform. With over 400 lawyers practicing throughout Argentina, Brazil, Chile, Mexico, Peru, and Puerto Rico, in addition to our US-based cross-border attorneys, our teams frequently work with our professionals throughout the LatAm region, Iberian Peninsula, and around the globe. DLA Piper’s global platform of 90+ offices in more than 40 countries enables us to serve all our clients’ legal and business needs, whether they are based in Latin America or wish to do business there. For more information, visit Latin America | DLA Piper.