STOA S.A.’s Acquisition of Stake in Poseidon Energia Renovable

White & Case and Raful Sicard Polanco & Fernández has advised Sellagic Investments S.A.S. on the deal. Mayer Brown and Headrick Rizik Álvarez & Fernández advised STOA.

Sellagic Investments S.A.S., an investment vehicle for Grupo Energetico 23, executed its sale to STOA S.A. of a 30% equity interest stake in Poseidon Energia Renovable, S.A. (‘PER”), the owner, developer and operator of the “Los Guzmancito” wind farm power plant located in the municipality of Luperon in the Dominican Republic (the “Guzmancito Project”). 

The 48.3MW first phase of the Guzmancito Project was commissioned in December 2019, and its second phase, which will  almost double its capacity, has recently commenced construction.

The Guzmancito Project supports the Dominican Republic’s commitment to the development of renewable energy projects and grid stability. 

The White & Case team was led by partner Sean Goldstein (Picture) in Miami and partner Rodrigo Dominguez in Houston. The team also included partner Emilio Grandio in Houston; associates Chris Delp and Camille Mendoza in Miami; and local partner Juan Ruenes in Mexico City.

In Santo Domingo, Raful Sicard Polanco & Fernández advised Sellagic Investments, S.A.S. and Poseidón Energía Renovable, S.A. with a team including Sara V. Sicard, Sabrina Angulo and  Laura Méndez.

The Mayer Brown team included Hadrien Schlumberger, Richard Sheard, Benjamin Homo, Alexandre Chagneau.

In Santo Domingo, Headrick Rizik Álvarez & Fernández advised STOA with Jaime Senior, Eileen Jiménez Cantisano and Elizabeth Silfa Micheli.

Involved fees earner: Eileen Jiménez Cantisano – Headrick Rizik Alvarez & Fernández; Jaime Senior – Headrick Rizik Alvarez & Fernández; Elizabeth Silfa Micheli – Headrick Rizik Alvarez & Fernández; Alexandre Chagneau – Mayer Brown; Benjamin Homo – Mayer Brown; Hadrien Schlumberger – Mayer Brown; Richard Sheard – Mayer Brown; Sabrina Angulo – Raful Sicard Polanco & Fernández; Laura Mendez – Raful Sicard Polanco & Fernández; Sara Sicard – Raful Sicard Polanco & Fernández; Christopher Delp – White & Case; Rodrigo Dominguez Sotomayor – White & Case; Sean Goldstein – White & Case; Emilio Grandio – White & Case; Camille Mendoza Soto – White & Case; Juan Ruenes Rosales – White & Case;

Law Firms: Headrick Rizik Alvarez & Fernández; Mayer Brown; Raful Sicard Polanco & Fernández; White & Case;

Clients: Poseidón Energía Renovable S.A.; Sellagic Investments S.A.S.; Stoa SA;