Hall Of Fame

Projects and energy in Uruguay


The large projects and energy team at Ferrere is undoubtedly a market leader, appreciated by clients for its 'professionalism, availability and initiative'. The team attracts clients ranging from international financial institutions to major multinationals, such as Google, Hyundai and ExxonMobil. Although it undertakes traditional hydrocarbons projects, the practice is more particularly focused on renewables and has experience handling major wind and solar projects across the continent. The team is also at the forefront of the development of green hydrogen projects in Uruguay, and is advising German renewables company Enertrag on the Tambor Green Hydrogen Hub project, and Montevideo Gas on projects in Montevideo and Paysandú. Practice head Gonzalo Secco is highly regarded for renewables work, and has participated in the country’s most important projects in recent years. Manuel Lecuona has particular expertise in port and logistics matters, and also leads on renewable projects. Sebastián Ramos specialises in energy, natural resources and infrastructure projects, PPPs and project finance; while the expertise of senior counsel and regulatory team head Cristina Vázquez encompasses administrative law, PPPs and infrastructure. Senior associate Santiago Rodríguez left the firm in June 2022.

Practice head(s):

Gonzalo Secco


‘Solid team, business-oriented and available when needed.’

‘The partners are fully involved, without delegating key aspects of the deal to more junior lawyers. They demonstrate a thorough understanding of complex transactions.’

‘Professional excellence without neglecting customer service.’

‘Gonzalo Secco does an extraordinary job.’

‘Professionalism, availability and initiative. My perception is that of being completely covered for any legal need with this practice. Especially as a new company in Uruguay, we need to be able to rely on our legal advisors with complete confidence and that is what we have with Ferrere.’

‘We recommend Manuel Lecuona.’

‘They have provided comprehensive support since the creation of our company, including the drafting of the internal statutes to ensure a smooth development of our activities. In addition, they have advised us in making strategic decisions and have connected us with key players for our growth. Their experience and knowledge have allowed us to have a solid legal foundation and confidence in complying with legal requirements. We believe that this proactive approach and ability to adapt to our needs sets them apart from other law firms. We are especially pleased with their ability to deliver innovative solutions and stay on top of the latest developments in key areas such as technology and collaboration. We believe that its focus on diversity and inclusion reflects the values we seek in our strategic partners and allies.’

‘What really sets their team of lawyers apart from the competition is their commitment to the success of our projects and their ability to fully understand our needs and objectives.’

Key clients

Elera Renovaveis



Nordex Acciona


Atlas Renewable Energy

Shell Exploration


Grupo Aldesa

Aberdeen Fund Managers






Terminales Graneleras Uruguayas



Jan de Nul


Cobra (Grupo ACS)

OXY Petroleum

IDB Group




Montevideo Gas & Conecta

Intendencia de Paysandú


Blue Arrow


Fideicomiso REIF


Work highlights

  • Advised the United Nations Industrial Development Organization (UNIDO) on the structuring of a renewable energy trust in Uruguay.
  • Assisted Enertrag with the planning and development of the Tambor Green Hydrogen Hub project in Tacuarembó.
  • Advised Allianz Global Investors and IDB Invest on the refinancing and restructuring of the Ferrocarril Central project.

Guyer & Regules

Guyer & Regules is a key player in the Uruguayan projects and energy market, with a dedicated team that is recognised by clients for its ‘technical skill, extensive experience and detailed regulatory knowledge’. The practice group is active across the spectrum of projects and energy work – in the projects arena, its expertise encompasses public and private power purchase agreements, PPPs (primarily for the construction of highways and educational facilities), concession agreements and project financing, among other areas. The team has a strong track record in hydrocarbons, as well as wind and solar projects. Practice co-heads Juan Manuel Mercant and Federico Susena lead on oil and gas, renewable energy and infrastructure projects, and are praised for their ‘outstanding performance, teamwork and professional skills’. Marcos Payssé assists lenders, developers, agents and sponsors with infrastructure and energy projects; Federico Piano assists developers and financers at all stages of project finance deals; and at associate level, Javier Napoleone and Tania Cavallo are the names to note.

Practice head(s):

Juan Manuel Mercant; Federico Susena


‘Guyer & Regules has the best projects and energy team in the market, technical skill, extensive experience and detailed regulatory knowledge.’

‘Juan Manuel Mercant and Federico Susena have performed outstandingly. In addition to their very strong professional skills, they have a special concern for the client.’

‘Timely and comprehensive advice consistent with the needs of the company.’

‘Solid knowledge based on the extensive experience of its partners and an ever-proactive and efficient attitude.’

Key clients





Tesla Energy

Terna Spa (Italia)


Hudson Clean Energy Partners

Aldesa Construcciones

Consorcio PPP Circuito Vial I

Gasoducto Cruz del Sur

Consorcio PPP Centros Educativos 2

Corporación Andina de Fomento

Power Systems

Cafam Administradora de Activos de Uruguay



GX Technology

Celeo Redes (Elecnor)

Interamerican Development Bank

Consorcio PPP Circuito Vial 7




Work highlights

  • Assisted Ciemsa with its proposed initiative to construct a waste-to-methanol conversion plant in Montevideo.
  • Assisted Apache with its offer to Ancap regarding the exploration and eventual exploitation of oil and gas reserves in Uruguayan waters.
  • Advised Femsa on a private power purchase agreement with the Uruguayan subsidiary of UK renewables group Atlantica Yield.

Dentons Jiménez de Aréchaga

Dentons Jiménez de Aréchaga has a strong reputation for the financing and refinancing of renewable energy projects, as well as handling PPP matters. The practice group has advised on several major wind and solar projects in Uruguay, such as the recent sale of a wind farm owned by Grupo Cobra to Cubico Investments. In the project finance arena, the team has significant experience with PPP highway projects, including recent advice to the sponsors on major road project Circuito 5. Fernando Jiménez de Aréchaga Jr heads the department, bringing great experience in project financing and an excellent track record in PPP work. Senior associates Alfredo Arocena and Carolina Bianchi have supported on much of the firm’s major project financing matters in recent years.

Practice head(s):

Fernando Jiménez de Aréchaga Jr

Key clients




China Railway Construction Company



Credit Agricole




Work highlights

  • Advised Via Central on a $250m refinancing with its current lenders and Allianz.
  • Assisted Aldesa and Ramón C. Álvarez with a PPP project for the construction of a highway, including a $137m project financing.
  • Assisted Construcciones Viales y Civiles and Rover Alcisa with a PPP project for the construction of a highway, including a $125m project financing.

Hughes & Hughes

The practice at Hughes & Hughes is praised as a ‘a technically solid team’ with 'an excellent professional manner'. Its expertise lies in energy and environmental law and infrastructure transactions such as EPCM agreements. The practice is led by project development expert Mariana Estradé, recognised by clients for her ‘dedication and involvement in projects, her professional manner and outstanding knowledge of the sector’; and Haroldo Espalter, who is experienced in corporate and commercial law. Héctor Ferreira advises domestic and international corporations on commercial law; Juan Carlos Oreggia Carrau specialises in the structuring of projects, joint ventures and acquisitions; and associate Clara Villaamil is especially knowledgeable in renewable energy and infrastructure projects law.

Practice head(s):

Haroldo Espalter; Mariana Estradé


‘It is a technically solid team of professionals with an excellent professional manner, and offers great value for money in the services it provides.’

‘Mariana Estradé stands out for her dedication and involvement in projects, her professional manner and outstanding knowledge of the sector.’

‘Experience, dedication and pragmatism.’

Key clients


Akuo Energy




Dutch Infrastructure Fund (DIF)


British Petroleum

Enap Sipetrol

BTD Capital

Work highlights

  • Advised UPM on the construction of its pulp mill at Paso de los Toros.
  • Advised San Miguel Group on its acquisition of a citrus processing plant from Azucitrus.
  • Assisted a consortium with an infrastructure PPP project for the construction of schools and childcare centres.


The practice at Posadas is well-versed in conventional and renewable energy projects, as well as in transport infrastructure projects such as highways, railways and ports. Acting for lenders or sponsors in both project finance and development, the team has handled some of Uruguay’s largest FDI projects on behalf on major energy and infrastructure companies, including multinational corporations and state-owned entities. Recent standout projects work has included advising on the financing of a PPP Highway Project in central Uruguay; in the energy sector, the firm recently advised Cubico Sustainable Investments on the acquisition of two major Uruguayan wind farms. Infrastructure and energy project financing expert Tomas Gurméndez co-heads the practice, bringing particular experience in PPPs to the table; alongside him, Fernando De Posadas handles foreign direct investments in energy and infrastructure projects. Lucía Carbajal and Victoria Garabato, partner as of January 2022, participate in high-profile FDI and energy projects.

Practice head(s):

Tomas Gurméndez

Key clients

Inter-American Development Bank (IDB)

Banco de la República Oriental del Uruguay

Banco Santander

Administración Nacional de Usinas y Trasmisiones Eléctricas (UTE)

República Administradora de Fondos de Inversión

Cubico Sustainable Investments

Banco BBVA


Banco BTG Pactual

Sumitomo Mitsui Banking Corporation


Goldwind (Loma Blanca)

Terminal de Graneles Montevideo

Global Infrastructure Partners

Corporación Andina de Fomento (CAF)

Inter-American Investment Corporation (IIC)

Brookfield Renewables

Votorantim Group

Work highlights

  • Advised a consortium of banks as lenders on the financing of the Circuito 5 PPP highway project.
  • Advised BBVA, IDB Invest and Banco de la Republica Oriental del Uruguay on the financing of PPP Highway Project Circuito 6.
  • Assisted Cubico Sustainable Investments with the acquisition of two wind farms in Uruguay.