A cross-border team of lawyers at international law firm Dechert LLP advised OCI Solar Power, an emerging leader in the solar sector and an indirect subsidiary of Korean chemicals company OCI Company Ltd., on the financing of the first phase of its 400MW solar power plant development project in the City of San Antonio. Debt financing for the first phase, comprised of a 41MW solar power plant on more than 700 acres in the southern part of San Antonio, was arranged by Korean Finance Corporation and the Korea Development Bank acting as joint financial arrangers.
The Dechert team advising OCI Solar Power was led by Hong Kong corporate partner David Cho and Boston finance partner Bruce Hickey, assisted by associates Ruslan Koretski (corporate, New York) and Linda Ann Bartosch (finance, Philadelphia).
