At Alcogal, we believe in the power of community action. Our team is proud to have participated in a volunteer day at the Panama Food Bank, contributing our part in the fight against hunger.
Alcogal advised Renewable Energy Systems, Ltd. (RES), the world’s largest independent renewable energy provider, on the strategic acquisition of the renewable services division of Grupo Ingeteam. This transaction, which spanned jurisdictions in Panama, Spain, Brazil and Mexico, positions RES as the leading global provider of renewable energy services, consolidating more than EUR 35 billion in …
We Advised Renewable Energy Systems on Strategic Acquisition Read More »
Alcogal advised AES Colón Holdings, a subsidiary of AES Corporation, in the sale of a 20% stake in the AES Colón project to Grupo Linda, for USD 190 million. The AES Colón project, which includes a 381 MW combined cycle plant and an LNG regasification terminal, is critical to Panama’s clean energy supply. Grupo Linda seeks …
We Represented AES Colón Holdings in Sale of Stake to Grupo Linda Read More »
Alcogal represented Celsia Centroamérica, a subsidiary of Grupo Celsia, in leading the sale of its energy assets to Fontus Spain, a subsidiary of EnfraGen, for USD 194 million. The agreement included the transfer of the Dos Mares hydroelectric complex (118 MW), the Divisa (9.8 MW) and Celsolar (9.7 MW) solar plants in Panama, and the …
Alcogal Represents Grupo Celsia in Sale of Energy Assets Read More »
On Saturday, September 16, 2023, the Alcogal volunteer team participated in a solidarity day to support the Panama Food Bank. During the activity, the volunteers helped weigh, inspect, sort, and pack products destined for the most needy communities in the country and got to know the admirable mission of this non-profit organization up close.
At Alcogal, we believe in making a tangible difference in our surroundings. We are proud to have actively participated in a reforestation day as part of the Metropolitan National Park’s program. Planting roots for a greener future is a goal we passionately share.
Alcogal continues to advise Grupo Unidos por el Canal (GUPC), a consortium formed by Sacyr S.A. (Spain), Salini-Impregilo S.p.A. (Italy) and Jan de Nul N.V. (Belgium), in an international arbitration against the Panama Canal Authority (ACP). The case arises from the Third Set of Locks construction contract. In May 2023, an arbitration award granted USD …
Alcogal Represents GUPC in USD 184.9 Million Arbitration before the ACP Read More »
At Alcogal, we prioritize our talent. That’s why, in recent days, we held our annual health fair where our employees had the opportunity to learn more about their health status and how to take care of themselves.
We served as local counsel for Grupo Unidos por el Canal, S.A. (as borrower) in the preparation, execution, delivery and consummation of the transactions contemplated by: the USD173.3 million celebrated among the Borrower, the Original Lenders party thereto, and Banco Santander S.A., as facility agent, the USD160 million facility agreement dated as of August 4, …
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