Independent transaction advisory in energy and infrastructure in Chile

We take energy projects from PPA to financial close.

CUVICo works alongside generators, developers, investors and asset owners on complex commercial, financing and transaction decisions, with the PPA at the center, from strategy through negotiation and execution.

Generators and IPPs Sell energy Trading companies Intermediate energy Developers Projects and land Offtakers Demand and contracts Lenders Banks and debt Investors Capital and partners

Direct partner involvement

Senior partners remain directly involved from strategy through negotiation and execution.

Selective mandates

We deliberately limit mandates to preserve execution quality, responsiveness and senior attention.

Conflict-of-interest discipline

Potential conflicts are assessed before accepting a mandate and monitored throughout execution.

Where we create value

Revenue, financing and transaction decisions cannot be optimized independently. We work across these interfaces and carry the resulting strategy through execution.

  • Core of our work

    PPAs and energy commercialization

    The PPA is the center of the structure: it sets the project's revenue and conditions its financing. We design it, take it to market and negotiate it through signing.

    • PPA strategy and product design
    • Pricing and market positioning
    • Engagement with generators, IPPs, developers and trading companies
    • Making non-investment-grade counterparties viable
    • Credit enhancement and intermediation
    • Business and contract structuring
    • Commercial terms and risk allocation
    • Negotiation through signing
  • Financing and capital structure

    We translate the commercial structure into a financeable capital structure.

    • Bankability assessment
    • Debt capacity and financing strategy
    • Project finance structuring
    • BOOT, leasing and alternative financing
    • Lender engagement and competitive processes
    • Financing terms and negotiation
  • Transactions and capital events

    We structure and execute the path to investment, partnership or exit.

    • Buy-side and sell-side advisory
    • Project and portfolio transactions
    • Investor and strategic partner processes
    • Transaction structuring and valuation
    • Commercial due diligence
    • Negotiation and execution

Legal, technical, environmental, tax and financial modeling workstreams remain with the appropriate specialist advisors.

We make non-investment-grade counterparties viable

Many good projects and buyers fall short of the credit profile a lender expects. We structure the PPA and the business around it so the transaction can still be financed.

Credit enhancement

Support and structures that close the gap between the counterparty's profile and what the lender requires.

Intermediation

We bring in a stronger credit counterparty when the structure calls for it.

Business structuring

We design the product, tenor and risk allocation of the contract so it is bankable.

Power transmission lines in the desert

Senior judgment. Current market intelligence. Direct execution.

From strategy to execution

Strategy is continuously tested against the market, refined through counterparty engagement and carried through negotiation to closing.

  1. Diagnose and define

    We understand the project or portfolio and establish the commercial objective.

  2. Structure

    We translate objectives into a structure that can be tested with the market.

  3. Go to market and negotiate

    We engage market participants and convert their feedback into transaction terms.

  4. Execute

    We carry the commercial structure through signing and closing.

We do not develop a strategy and hand it over. We continuously test it against the market, refine it through live counterparty engagement, negotiate it and remain involved through execution.

Continuous market intelligence

We maintain continuous interaction with generators, IPPs, developers, trading companies and energy suppliers active in the Chilean market, and with lenders and investors. This gives us current, transaction-specific intelligence on counterparty appetite, commercial structures, pricing dynamics and emerging opportunities.

  • Generators and IPPs
  • Developers
  • Trading companies
  • Offtakers and customers
  • Banks and lenders
  • Investors and strategic partners

Strategy informed by the market as it is today, not as it was when the mandate began.

Partners

CUVICo is a partner-led boutique, with direct partner involvement in every mandate.

Agustín Vial

Agustín Vial

Co-Founder and Partner

Industrial Civil Engineer, Pontificia Universidad Católica de Chile. Senior experience across energy commercialization, PPAs, project finance, M&A and renewable energy development. Former commercial and M&A leadership roles in the renewable energy sector, with experience structuring and executing transactions across Latin America.

avial@cuvico.cl
+56 9 9417 7321 LinkedIn

Andrés Curia

Andrés Curia

Co-Founder and Partner

Lawyer since 2001 (UDP), with a Master in Law (LLM) from King's College London. Senior experience across energy commercialization, PPAs, project finance, M&A and renewable energy development. Direct partner involvement in structuring and executing complex commercial and financing transactions in the Chilean energy market.

acuria@cuvico.cl
+56 9 6308 2942 LinkedIn

Let's talk about your next project

Tell us what you need to decide. We reply promptly, and if we are not the right fit, we will say so.

Office
Monseñor Félix Cabrera 62, Of. 22
Providencia, Santiago, Chile

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Some of our clients

  • UKA
  • ILAN
  • On Energy
  • Atlas
  • Grenergy
  • Consorcio
  • oEnergy
  • Quintero Energía
  • CVE
  • Sphera