Firms To Watch: Projects and energy

Acting for international banks, multinational corporations and public sector entities, Icaza, González-Ruiz & Alemán is well versed in public contracting and the development of residential, commercial and tourism projects.

Projects and energy in Panama

Alemán, Cordero, Galindo & Lee

Fielding ‘a team of highly capable professionals ready to provide advice at all times’, Alemán, Cordero, Galindo & Lee is a popular choice among local and international clients. The firm stands out for its expertise in financing and developing major energy and infrastructure projects, including public tenders, concession contracts and PPAs. In the projects space, its team members have been involved in landmark projects linked to the Panama Canal, and in the energy and natural resources space, its lawyers specialise in electricity and energy generation, especially in the renewables sector where the team has been active in advising on project financing, development and acquisition. Alejandro Ferrer co-leads the practice alongside Jaime Castillo, with Ferrer experienced in both transactional and contentious matters and Castillo covering a wide range of energy matters. Raúl Borrell is also a key name.

Responsables de la pratique:

Alejandro Ferrer; Jaime Castillo


Les références

‘A team of highly capable professionals ready to provide advice at all times.’

‘Jaime Castillo works closely with us on a variety of consulting services. They maintain high standards at affordable prices and deliver excellent results.’

‘Experience and management of the highly regulated sector.’

Principaux clients

Intervial Chile


Renewable Energy Systems


Aropecuaria


Grupo Celsia – Celsia Centroamérica


AES Colon Holding


Ideal Panama


Cilsa Panama


Suez International


Fountain Hydro Power


Petroleos Delta


Entoria Energy


AES Panamá


Elektra Noreste


Cable & Wireless


Principaux dossiers


Galindo, Arias & López

The lawyers at Galindo, Arias & López are recognised for being ‘highly professional, technically strong and excellent’, within the projects and energy field. The team has broad experience representing domestic and multinational companies across a range of industries, including energy, infrastructure, healthcare and mining. Practice co-head Cristina Lewis is active in advising companies on the development and financing of renewable energy projects in Panama, especially with regards to power generation from renewable sources, with frequent activity in project financing and regulatory compliance. Salomón Behar also co-leads the practice and specialises in project financing and energy industry regulatory law, including power plant development and M&A in the energy space. Diego Herrera advises a range of domestic and international clients on energy and infrastructure projects.

Responsables de la pratique:

Cristina Lewis; Salomón Behar


Les références

‘The team is excellent, in our case they are always attentive to new things or procedures.’

‘The lawyers at this firm are highly professional, technically strong and excellent at explaining their analyses and recommendations.’

Principaux clients

Clínica Hospital San Fernando


Compañía Panameña de Aviación


Edemet & Edechi


Empresa de Distribución Eléctrica Metro-Oeste


Empresa de Distribución Eléctrica Chiriquí


Empresa Energía y Servicios de Panamá


Goldwind International Penonomé


Grupo San Fernando


Ocean Reef Islands


Panama Canal Expansion Project


Petroterminal de Panama


Systra Sucursal Panama


Principaux dossiers


  • Advised Grupo San Fernando as an investor in Grupo Hospitalario de Azuero on the development and construction of a new private hospital, marking the group’s first expansion outside Panama City.
  • Represented Petroterminal de Panamá on regulatory, compliance, contractual and corporate matters, including the expansion and operation of its crude oil transportation and storage infrastructure connecting Panama’s Pacific and Atlantic coasts.
  • Advised Goldwind International Holdings and Goldwind International Penonomé on post-sale obligations following the sale of their equity interests in UEP Penonomé I to AES Panama.

Morgan & Morgan

Morgan & Morgan covers the gamut of project development, public procurement and energy services. In project development, the firm routinely advises clients, including those engaged in the mining, air transport and water supply sectors, on a broad range of public tenders and concession contracts with the Panamanian Government, as well as domestic and international clients requiring assistance in preparing documentation for public bids for the bidding process. In the energy field, team members are experienced in representing clients in a variety of development and transactional issues including regulatory, licensing, permits, environmental and construction. Inocencio Galindo leads the mining and natural resources team and co-leads the project development and public procurement team, and has been involved in the development and financing of major infrastructure projects. Ramón Varela leads the ESG practice, while Ana Carolina Castillo co-leads the energy and ESG practice groups, having advised on the development, financing and operation of major power plants in Panama covering hydro, wind, photovoltaic and LNG matters. Aristides Anguizola is also a key name.

Responsables de la pratique:

Ramón Varela; Inocencio Galindo; Ana Carolina Castillo


Les références

‘Morgan & Morgan boasts excellent legal expertise, with in-depth knowledge of the energy and financial industries, enabling the preparation of specialised and complex legal documents that result in effective solutions.’

‘Ramón Varela and Ana Carolina Castillo have the experience and in-depth knowledge to draft complex documentation, analyse scenarios, and translate requirements into solutions within the energy and financing industry.’

Principaux clients

International Finance Corporation


Maersk Oil Trading Panama


Seven Seas Water Corporation


STRABAG


Parque Eólico Toabré


Hitachi


Rubicon Carbon Capital


Carbon Streaming Corporation


Mitsubishi Corporation


Elecnor


Minera Panama


First Quantum Minerals


Metro de Panama


Panama Ports


AES Corporation


Electron Investment


Avanzalia Panamá


Corporación Interamericana para el Financiamiento de Infraestructura


Ecosolar


Greenwood Energy Central America Corp.


UKA Group


Empresa de Distribución Eléctrica Metro-Oeste


Enfragen


Panama Power Holdings


Empresa de Distribución Eléctrica Chiriquí


Elektra Noreste


NRG PLUS


Renergeia


Deetken


Principaux dossiers


  • Provides ongoing advice to Avanzalia Panama, on the operation of the Penonomé Solar Project, a photovoltaic power plant with an installed capacity of 100MW.
  • Advising the International Finance Corporation on the development and bidding of a project for the engineering design, procurement, construction, operation and maintenance of the fourth transmission line in the Republic of Panama.
  • Advised Carbon Streaming Corporation and Rubicon Capital in connection with The Azuero Reforestation Project, one of the largest nature-based carbon removal initiatives in Central America.

Alfaro, Ferrer & Ramírez

Alfaro, Ferrer & Ramírez provides a broad range of services for clients, covering public procurement and public-private partnerships, as well as maritime, oil and infrastructure matters. The firm specialises in projects related to gas and oil terminals, as well as power generation plants and logistics operations, with Annette Bárcenas active in innovation and sustainability projects, including those involving renewable energy and public procurement processes. Juan Antonio Alfaro is experienced in supporting companies in the port, industrial and hydrocarbons sectors, with further expertise advising major players in the infrastructure sector. Luis Horacio Moreno covers a broad range of work from road and railway projects to renewable energy projects.

Responsables de la pratique:

Annette Bárcenas; Juan Antonio Alfaro; Luis Horacio Moreno


Les références

‘AFRA is a high-level firm with a highly competent team of professionals who excel in business and legal knowledge, and possess a strong sense of responsibility and ethics.’

‘The most outstanding aspect of the AFRA team is their constant availability to serve the business, always providing timely advice and legal advice.’

Principaux clients

PNE Energy


Esprod Energy


Grupo Cox


Autoridad del Canal de Panamá/Sullivan & Cromwell


Desarrollo Multimodal Puerto Barú


Millicom-Tigo


Grupo Residencial


Terris Fund


Grupo Enfragen


PSA International Terminal


Petroamerica Terminal


Vopak


Astillero Puerto de Balboa


Desarrollo Inmobiliaria las Acacias/Grupo Machetazo


Ruta del Este Sociedad Concesionaria


Elevadores Otis


Tutum Tech


Panama Waste Management


Alstom Panama


Panama Digital Gateway


Trans Ocean Network Corp.


Derivados Del Petroleo


Telecom Italia Sparkle


Ti Sparkle Panama


Fountain Hydro Power Corp.


Hidro Burica


SN Power Panama


Colas Rail Panama


Principaux dossiers


  • Serving as local external counsel to the ACP in the evaluation of a Trans-Panama gas pipeline project.
  • Provided legal support to Ruta del Este Sociedad Concesionaria in the first PPP project in Panama.
  • Advised Esprod Energy Group on the development and operation of a 13 MWp Solar Power Generation Plant in Capira, Panama.

Fabrega Molino

Specialising in 'permitting and regulatory analysis for the electricity, renewable, and oil and gas sectors', Fabrega Molino represents a range of clients including lenders, sponsors and government agencies in all aspects of the project and investment life cycle. Ana Lorena Morales leads the firm.

Responsables de la pratique:

Ana Lorena Morales


Les références

‘At Fabrega Molino, they specialise in all regulatory aspects, permitting, and regulatory analysis for the electricity, renewable, and oil and gas sectors.’

‘The speed and expertise of the lawyers, along with highly personalised service, make the firm the best option for us in this market.’

Principaux dossiers


LOVILL

LOVILL is experienced in advising domestic and multinational companies on a range of infrastructure projects, including those related to construction and hydrocarbons. The team is adept at guiding clients through the public procurement processes and in obtaining concessions for infrastructure projects. Jeannette Bravo co-leads the practice with Isabel Cristina López, with Bravo active in assisting construction companies with bidding processes for infrastructure projects, and López experienced in advising clients through arbitrations related to infrastructure projects.

Responsables de la pratique:

Jeannette Bravo; Isabel Cristina López


Principaux clients

Aseo capital


Unilever


Wavin Grupo Orbita


Caabsa


Grupo Terra/Pacifica Petroleum


SGS Panama Control Services


Gresinsa


SBA Communications


Urbalia


Spechup Inspection & Testing


Principaux dossiers


  • Acting as the local legal advisor of the consortium in charge of preparing the Final Technical Report during the feasibility phase, preparation, structuring and accompaniment in the bidding phase, and signing of the PPP for the Rehabilitation, Improvement and Maintenance project of the Western Pan-American Highway.

SIGMA International and Global Market Attorneys

Boutique law firm SIGMA International and Global Market Attorneys is experienced in project finance and energy transactions, with the firm combining its expertise in corporate and M&A to provide clients with a full service. Cecilio Castillero leads the practice and is supported by associate Eric Carles, who is focused on project finance.

Responsables de la pratique:

Cecilio Castillero


Les références

‘The Sigma team is very experienced and has always served us very well. They have a high level of expertise and detailed knowledge. The solutions they’ve proposed have always been very good and have been successfully implemented.’

‘The individual attorneys are also excellent, with Cecilio Castillero’s experience being noted.’

‘Sigma offers a unique combination of personalised attention and global experience in project structuring and financing. While maintaining the close approach of a boutique firm, its ability to adapt to the complexities of transactions in strategic sectors positions it as a first-class advisor. The team stands out for its agility in structuring innovative solutions that perfectly balance commercial interests and inherent project risks.’

Principaux dossiers


Virtù Atelier Legal

Established in January 2022, Virtù Atelier Legal maintains a broad practice, with notable experience in public contract management, public procurement and public-private partnership regimes. The team is adept at handling the full life cycle of infrastructure projects, from structuring the service specifications and contracts to managing the execution of contracts and financing. Marcia Arosemena de Paz leads the practice and advises a wide range of clients in a range of project development and infrastructure matters.

Responsables de la pratique:

Marcia Arosemena de Paz


Les références

‘A team prepared for project structuring and with extensive knowledge of trust issues.’

‘Marcia Arosemena is a lawyer with extensive knowledge of project and public management issues. She has a strong ability to find solutions to situations that have arisen when structuring projects. She is a respectable person, and her work is in strict compliance with regulations.’

Principaux dossiers