Morgan & Morgan remains at the forefront of the project and energy practice, servicing prominent domestic and international clients in mining, energy, and construction. The group is highly regarded for its handling of high-value mandates, assisting at every stage of transactions and financing negotiations. Counselling on tax, regulation and environmental matters arising from projects forms part of the firm’s advisory offering. It regularly draws on its broader corporate and tax expertise to assist with complex matters. Ramón Varela, an expert in project finance, leads the department alongside Inocencio Galindo, who is highly regarded for work on the development and financing of major infrastructural projects. They are closely assisted by Ana Carolina Castillo, a trusted counsel for all energy-related matters. Mónica Moreno joined from Sigma International and Global Market Attorneys in 2025.
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Testimonials
Collated independently by Legal 500 research team.
- In-depth knowledge of the Panama energy market. Familiar with newer business concepts like "Energy as a Service." International-level quality of work. Very responsive and reliable. Energy expertise is distributed among several lawyers - not just one expert.
- A team of several highly knowledgeable professionals on the topic of energy.
- Morgan & Morgan possesses positive attributes such as meticulous attention to detail in document preparation and review, and expertise in complex financial structures specific to the sector, which allow them to stand out among other firms. Ana Carolina Castillo, in particular, stands out given her extensive knowledge and experience in both financial markets and regulations, as well as the industry itself.
- Morgan & Morgan's extensive knowledge of the energy sector, applicable regulations, and market players uniquely positions them to represent us in the most favorable way in the various negotiations with different institutions and authorities.
Key clients
- International Finance Corporation (IFC)
- Maersk Oil Trading Panama, S.A.
- Seven Seas Water Corporation
- Rubicon Carbon Capital LLC
- Carbon Streaming Corporation
- Mitsubishi Corporation
- Elecnor
- Minera Panama
- First Quantum Minerals
- Metro de Panama
- AES Corporation
- Electron Investment, S.A.
Work highlights
Advised to Avanzalia Panama, S.A., an affiliate of AVANZALIA SOLAR, a Spanish energy company, on the operation of the Penonomé Solar Project, a photovoltaic power plant with an installed capacity of 120MW.
Advised the shareholders of Aguafuerte, S.A. and Aquavoltaic, S.A. (the “Companies”) on the sale of their shares to Cox Energy.
Advised AES Corporation on regulatory, contractual, environmental and tax matters related to the hydroelectric and LNG power plants owned and operated by the company.
Lawyers
Leading partners
The strongest partners in their field, leading on market-leading deals and endorsed by peers and clients alike.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.
Practice head
Ramon Varela; Inocencio Galindo
Other key lawyers
Ana Carolina Castillo; Mónica Moreno