Pablo Morales
Associatepmorales@carey.cl
+56 2 2928 2205
His practice is focused on energy projects, including energy supply, transmission, transportation, contracts, regulation, tenders for supply energy to clients subject to energy regulated prices, tenders to buy energy for non-regulated and industrial clients, obtention of lands and permits to develop energy projects, green hydrogen projects, battery energy storage systems (BESS), as well as advice in the electric and gas regulation and civil law. He has broad experience advising national and international companies on M&A transactions, power purchase agreements, toll agreements, agreements for the construction and development of energy projects, including concessions, easements and other permits before the Ministry of National Assets and the Ministry of Energy. He also has helped companies in energy supply tenders, both as bidders and clients, including the analysis of the terms and conditions, as well as drafting the legal documents that are part of the tender rules or those to be presented for the corresponding offer, as applicable.
REPRESENTATIVE EXPERIENCE
- Atlas Renewable Energy on a Power Purchase Agreement (PPA) and its Non-Conventional Renewable Energy (NCRE) atributtes to supply clean energy to Enel for 1.3 TWh/year and a term of 15 years.
- Codelco on the preparation of the strategy and documents applicable to a renewable energy public bidding for the supply of the period 2026-2040, in which more than 50 national and international parties participated. The process resulted in the award and subscription of three PPAs for 15 years and for a total volume of 1.8 TWh/year. The advice included the preparation of the prequalification bidding terms, the bidding terms, as well as the drafting and negotiation of PPAs with three relevant generation companies (Atlas, for 375 GWh/year; Colbún, for 1,100 GWh/year; and Innergex, for 350 GWh/year).
- Fotones, a company of Spanish investors, on the execution of a PPA and its NCRE attributes, between its photovoltaic project Libertad and Enel, for 180GWh/year. Also, on the signature of a PPA and NCRE attributes with Generadora Metropolitana for 350GWh/year, in order to supply renewable energy to said project for a 10-year period.
- Codelco on the amendment and consolidated text of the PPA signed with Colbún to supply renewable energy to all of Codelco's consumption, including the accreditation of renewable supply through certificates, such as I-REC or equivalents. This PPA was signed to supply part of the consumption of Codelco's divisions until December 2044. Additionally, on the judicial constitution of mining easements for its copper project Radomiro Tomic in the north of Chile, specifically regarding the mining legal easements trials against the State of Chile for next projects. Also, on the signature of a PPA with AES Andes, to supply 210MW of renewable energy between 2023 and 2040. The advice also included the modification of other two PPAs for the supply of its divisions Ministro Hales and Radomiro Tomic.
- Sonnedix on a financing for up to USD120 million, granted by Sumitomo Mitsui Banking Corporation and DNB Bank, for the construction, development and operation of Meseta de los Andes, a 160MWp photovoltaic plant located in the Valparaíso Region of Chile, and a transmission line of approx. 15,6 km., connecting the solar plant with the Los Maquis substation. Also, on a VAT Facility Agreement with Banco Security to finance the VAT associated with the construction of the project. Carey also advised Sonnedix on the acquisition of the ARCO renewable energy portfolio, which is comprised by “El Arrayán” wind farm, its expansion “Carica”; “Conejo” photovoltaic power plant, its expansion “Librillo”; 13 small distributed generation projects (PMGDs); “Don Goyo” substation; and a battery energy storage system (BESS), with an installed capacity of approx. 500MW, located in different regions of Chile.
- Acciona on a purchase agreement for San Gabriel project, a wind farm of 183MW installed capacity and 61 wind turbines; and of Tolchén transmission line. Subsequently, on the sale of such transmission line to Saesa, in order to interconnect and inject the energy generated from different wind power projects in the south of Chile.
- Minera Gaby (Codelco) on the negotiation and closing of an agreement with a Chilean–Danish consortium to build, operate and exploit a solar thermal plant and supply of heat for its electro-generation process, one of the largest solar thermal plant in the world of this type.
- Several power generation companies on the processing of concessions, easements and other permits before the Ministry of National Assets and the Ministry of Energy to build, operate and exploit NCRE plants, their transmission lines and their access roads. Additionally, on their participation as bidders in energy supply tender processes for clients subject to price regulation, both in the review and analysis of the terms and conditions, as well as drafting the legal documents to be presented and the preparation of the corresponding administrative offer.
AWARDS AND RECOGNITIONS
- Recognized in Electricity, Oil and Gas, Legal 500.
ACTIVITIES AND MEMBERSHIPS
- Professor of Civil Law, Universidad Católica de Chile (since 2022).
- UCLA Ambassador, UCLA LL.M. Ambassadors Program (since 2019).
- Foreign Associate at the Finance and Banking group, Mayer Brown, Washington DC, United States of America (2018-2019).
- Teaching Assistant of Civil Law, Universidad Católica de Chile (2010-2013).
RELATED AREAS
EDUCATION
- Law, Universidad Católica de Chile (graduated with honors and scholarship holder of Beca Padre San Alberto Hurtado).
- LL.M. in Environmental and Natural Resources, University of California, Los Angeles, USA (awarded with the Becas Chile and Dean's Tuition Fellowship) (2018).
ADMISSIONS
- Chile (2012).
LANGUAGES
- Spanish.
- English.
