3. • CORAL ENERGÍA is established in 2016, and started from the collaboration and partnership between 2
companies. Coral Energía aims to be a leading project development company in the Renewable Energy
industry in Argentina and Colombia, through the creation of a portfolio of Solar, Wind, and Hydro power
generation projects.
Iraola Group: Argentine industrial group with more than 45 years of experience, with operations in
Argentina, Brazil, and China. With more than 700 employees, it is a leader in the auto parts and
motorcycle market in Argentina, with exports to more than 35 countries. Besides its core business, the
Group has other business divisions such as Agro and Real Estate.
REP - Renewable Energy Platform: formed by an interdisciplinary group with more than 10 years of
experience in renewable energy project design, development, construction and operation in Latin
America. REP combines more than 10GW of projects developed, implemented, and in operation in 5
countries, with solid expertise in M&A of renewable energy generation assets.
In Argentina, CORAL ENERGÍA has participated in the latest tenders under the RenovAr program (Rounds 1
and 1.5), with 5 solar projects located in the province of San Juan (total power of 130 MWac), and having
awarded 2 of them (50 MWac)
1. INTRODUCTION
1
4. DIFFERENTIALS
Demonstrated field experience in Latin America, having built more than 50
projects throughout the region
Proven track record, with over 10 years of project development in
Argentina, Uruguay, Brazil, Chile and Peru
Utilization of high-performance, first-class equipment
Strong relationships with national and local government, agencies, and
financial institutions
Wide network of contacts in the energy industry worldwide
MAIN ACHIEVEMENTS
More than 50 projects developed and built in Latin America
More than 2,000 MW of projects with signed PPA
More than 75 environmental licenses issued
MAIN FOCUS
Maximization of IRR and profit to the shareholder
Cost optimization, before and during project implementation
Risk reduction by assuring achievable project schedules
2. OVERVIEW OF THE COMPANY
2
VALUES
Honesty,
Commitment, Trust,
Austerity and
Respect for Society
and the Environment
VISION
To develop 1,000
MW of renewable
energy projects in
Argentina with
quality, speed and at
the lowest possible
cost
MISSION
To be a leading
player in the
renewable energy
market, recognized
for its low-risk, high-
efficiency and high-
quality projects
5. 3. MAIN EXECUTIVES
3
DIEGO LOUREIRO (EJECUTIVE DIRECTOR)
Diego Loureiro is Executive Director at REP (Renewable Energy Platform). Prior to
REP, he was a development and new business manager at LAP (Latin America
Power). Before joining LAP in 2011, he acted as Coordinator of the Wind Energy
Projects in Energisa in 2011 and from 2007 to 2011, as coordinator of the Hydraulic
and Wind Energy projects in ERSA (Energias Renováveis SA), current CPFL
Renováveis, where he developed several hydroelectric projects and Wind power.
(I) Hydraulic Engineer of the Federal University of Itajubá - MG - UNIFEI (Brazil); (ii)
MSc. In Environmental Engineering of the University of Sao Paulo - USP (Brazil); (iii)
Master in Project Management by University of Sao Paulo - USP (Brazil); And (iv)
Postgraduate in Finance from the Catholic University of Chile (Chile)
More than 10 years of experience in the renewable energy market and project
management. More than 1.5 GW developed (# 30 projects)
GIOVANNI VINCIPROVA (CORPORATE DIRECTOR)
Giovanni Vinciprova is Corporate Director at REP (Renewable Energy Platform).
Before REP he was the Superintendent of the Environment at LAP (Latin America
Power) and before joining LAP in 2013, he had been the Environmental
Superintendent at ERSA (Energias Renováveis SA), CPFL Renováveis, from 2008 to
2013, where he developed Several hydroelectric power stations and wind parks.
Prior to working at ERSA, Mr. Vinciprova had served as an Environmental
Coordinator at CPFL / Alstom 2001-2008 and at Bourscheid 2002-2004.
(I) Degree in Biological Sciences from the Federal University of Rio Grande do Sul
(Brazil); (ii) Master's degree in Animal Biology from the Federal University of Rio
Grande (Brazil); And (iii) MBA in Administration of the Getulio Vargas Foundation
(Brazil).
More than 25 years in the renewable energy market, over 6.0 GW developed (# 60
projects) and # 52 approved environmental licenses.
LEANDRO IRAOLA (PRESIDENT)
Leandro Iraola is a businessman and president of the Iraola Group, formed from the
creation of different companies that today gather more than 700 employees in
different locations – Argentina, Brazil, China and Paraguay – and in different
industries and / or markets: Auto parts, Motor vehicles, Agro and Construction.
In only 20 years, Corven Motors – its flagship company – was able to become a
leader in the spare parts market in Argentina with 45% market share, and exporting
to more than 35 countries. In the motorcycle industry, with the Corven - Bajaj
alliance, the group is positioned as the leading player with 18% market share in
Argentina.
The Iraola Group have had an overall income of $182 M USD in 2015, and nowadays
it is focused in developing new business units, such as Real Estate and Renewable
Energy.
NICOLAS PERKINS (LEGAL ADVISOR – EXTERNAL)
Nicolás Perkins is partner with Nicholson y Cano, an attorney firm specialized in
energy, mining, agribusiness, mergers and acquisitions, corporate finances, project
finances and private equity investments. He is also the director of “Sociedad
Anónima Importadora y Exportadora de la Patagonia”. He is the director of the
local subsidiaries of various international companies and investment funds. He was
also director and member of the Audit Committee of Petrobras Energía S.A. (2004-
2007).
(I) Attorney at Law, Universidad Católica Argentina (ARG). (II) "Master in
Comparative Jurisprudence (M.C.J.)" from the New York University School of Law
(1998). (III) Candidate IAE Business School, Executive MBA (2017)
More than 20 years of consulting experience n the development and financing of
energy, mining and agribusiness projects
FRANCO BORRELLO (DIRECTOR OF BUSINESS DEVELOPMENT)
Franco Borrello is an engineer, entrepreneur, and renewable energy specialist with
vast experience in developing, financing and implementing wind, solar and biogas
energy projects. Franco has served as Business Developer with the IMPSA group, in
charge of a project portfolio of more than 2,500 MW in 9 countries. While in the
United States, Franco has worked in the Fraunhofer Center for Sustainable Energy,
designing a platform to evaluate and implement techno-economic roadmaps for
innovative technologies, to catalyze its financing.
(I) Industrial Engineer, University of Buenos Aires; (Ii) MS Renewable Energy,
National Technological University (ARG); (iii) MS Energy Systems, Northeastern
University, Boston, USA. (Iv) Graduate Certificate in Innovation and
Entrepreneurship, Massachusetts Institute of Technology (MIT), Boston, USA.
7+ years of experience in renewable energy project development, project
management and financing. More than 800 MW developed.
DIEGO PALOMEQUE (FINANCIAL ADVISOR – EXTERNAL)
Diego Palomeque is currently an Independent Advisor in Corporate Finance, mainly
working on Debt under Public Offering, Financial Debt Restructuring, and corporate
leverage optimization programs. Previously, he was CFO and Member of the Board
of MSU, a leading agricultural production company in Argentina, having previously
held various financial management positions at Cargill SACI (the main agricultural
exporter in the country).
National Public Accountant graduated at UNR (National University of Rosario),
Postgraduate Studies in Audit, and Postgraduate Lecturer in Agro management.
More than 19 years of experience in financial and investment development market,
having participated in international financial structuring with Pension Funds, Private
Equity Funds, Hedge Funds, and Family Offices.
6. 4. TRACK RECORD
4
2006
• Construction of small hydro Alto Plano and Alto Irani with GMR
Group (37 MW)
• Start of ERSA in Brazil
2007 • Due Diligence and Acquisition of 12 small hydro projects (177 MW)
2008
• Due Diligence and Acquisition of 6 small hydro projects (105 MW)
• Acquisition and Development of two wind farms (246 MW)
• Start Construction of 9 small hydro
2009
• Technical coordination for Refinancing the small hydro Plano Alto
and Alto Irani (37 MW)
• COD Cocais Grande small hydro (10 MW)
• NBR ISO 9001 Certification: 08, 14001: 04 and OHSAS 18001: 07
2010
• COD small hydro Arvoredo (13 MW)
• COD small hydro Paiol (20 MW)
• COD small hydro São Gonçalo (11 MW)
• COD small hydro Varginha (9 MW)
• Start Construction of 78 MW in wind farms
• Start Construction small hydro Salto Góes (20 MW)
2011
• COD small hydro Barra da Paciência (23 MW)
• COD small hydro Corrente Grande (14 MW)
• COD small hydro Ninho da Águia (10 MW)
• COD small hydro Várzea Alegre (8 MW)
• Start Construction of 228 MW wind farms
• Start Construction of 100 MW biomass
• Acquisition of small hydro Santa Luzia (29 MW)
• Merge with CPFL, creating CPFL Renovaveis
2011
• Due Diligence and Acquisition of small hydro Carilafquén-
Malalcahuello (29 MW, Chile)
• Due Diligence and Acquisition of 4 small hydro projects in operation
and construction (33 MW, Peru)
• Due Diligence and Acquisition of 2 small hydro in development (40
MW, Peru)
• Start of LAP in Chile
2012
2013
2014
2015
2016
• Certifications ISO 9001: 08, 14001: 04 and OHSAS 18001: 07
• COD small hydro Huasahuasi 1 and 2 (20 MW, Peru)
• Development of 5 hydro projects (330 MW, Peru)
• Due Diligence and Acquisition of a wind farm in development (185
MW, Chile)
• Due diligence and Acquisition of Totoral wind farm in operation (46
MW, Chile)
• Start development 2 wind farms: La Cabaña and Rihue (227 MW,
Chile)
• Identification of areas and start of wind measurements in 3 wind
projects in Peru (400 MW, Peru)
• COD small hydro Runatullo 2 and 3 (40 MW, Peru)
• Start Construction of small hydro (29 MW, Chile)
• Start development of a solar project (96 MW, Chile)
• Development of own methodology for potential hydraulic searches
in Peru (Acqua Project)
• Start Construction of San Juan wind Farm (185 MW, Chile)
• Environmental permits obtained for Tulumayo and Araza projects
(334 MW, Peru)
• COD small hydro Carilafquén- Malalcahuello (29 MW, Chile)
• Environmental permits obtained for La Cabaña wind farm (106 MW,
Chile)
• COD San Juan wind farm (185 MW, Chile)
• Start of REP – Renewable Energy Platform & Coral Energía
7. 5. BUSINESS MODEL
5
DEVELOPMENT PILLARS BUSINESS PILLARS
FINANCIAL
PREMISES
(i) PPA’s with national
Government or with
financially solid private
offtakers (ii) Project
financing with
efficient, creative
solutions
SITE SELECTION
PREMISES
(i) High energy
resource
(ii) Available grid
interconnection
(iii) Low construction
and interconnection
costs
MARKET PREMISES
(i) Solid energy
regulatory framework
(ii) Projects eligible for
the financial market
("bankable") (iii)
Reliable legal
framework
TECHNICAL
PREMISES
(i) First-class
equipment (ii)
Engineers with proven
track record (iii)
Project optimization in
all phases
PROJECT
CONSTRUCTION AND
COMISSIONING,
ASSET SALE DURING
CONSTRUCTION OR
IN OPERATION
DEVELOPMENT OF
“READY-TO-BID” and
“READY-TO-BUILD”
PROJECTS
PROJECT TRANSFER
BEFORE TENDER,
WITHOUT SIGNED
PPA
OPTIONS FOR
PARTICIPATION IN
TENDER AND
"SUCCESS-FEE”
11. B1 – TEAM EXPERIENCE
GIOVANNI VINCIPROVA (7.066 MW / # 65 Proyectos)
8
(1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW
(2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW
(3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW
(4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW
(6) Wind - Los Junquillos - REP - Chile - 273,9 MW
(7) Wind - Los Lagos - REP - Chile - 59,4 MW
(8) Wind - Rauco - REP - Chile - 118,8 MW
(9) Solar - Salvadoras - REP - Chile - 300 MW
(10) Wind - San Juan - LAP - Chile - 184,8 MW
(11) Wind - La Cabaña - LAP - Chile - 110,4 MW
(12) Wind - Rihue - LAP - Chile - 127,7 MW
(13) Wind - San Juan 2 - LAP - Chile - 41,4 MW
(14) Solar - Pirita - LAP - Chile - 96,67 MW
(15) Wind - Totoral - LAP - Chile - 46 MW
(16) Hydro - Tulumayo 4 - LAP - Peru - 56,2 MW
(17) Hydro - Tulumayo 5 - LAP - Peru - 83,2 MW
(18) Hydro - Limacpuncu - LAP - Peru - 35 MW
(19) Hydro - Ttio - LAP - Peru - 80 MW
(20) Hydro - Capiri - LAP - Peru - 80 MW
(21) Hydro - Carilafquen Malalcahuello - LAP - Chile - 29 MW
(22) Hydro - Runatullo 3 - LAP - Peru - 20 MW
(23) Hydro - Runatullo 2 - LAP - Peru - 20 MW
(24) Hydro - Huasahuasi 2 - LAP - Peru - 10 MW
(25) Hydro - Huasahuasi 1 - LAP - Peru - 10 MW
(26) Hydro - Santa Cruz 2 - LAP - Peru - 7,4 MW
(27) Hydro - Santa Cruz 1 - LAP - Peru - 6 MW
(28) Wind - Bons Ventos - CPFL RENOVAVEIS - Brazil - 157 MW
(29) Wind - Pedra Cheirosa - CPFL RENOVAVEIS - Brazil - 50 MW
(30) Solar - Ouro - CPFL RENOVAVEIS - Brazil - 300 MW
(31) Wind - Ventos de São Benedito - CPFL RENOV. - Brazil - 172 MW
(32) Wind - Campos dos Ventos - CPFL RENOVAVEIS - Brazil - 256 MW
(33) Biomass - Bio Alvorada - CPFL RENOVAVEIS - Brazil - 50 MW
(34) Biomass - Bio Coopcana - CPFL RENOVAVEIS - Brazil - 50 MW
(35) Biomass - Bio Formosa - CPFL RENOVAVEIS - Brazil - 40 MW
(36) Wind - Atlantica - CPFL RENOVAVEIS - Brazil - 120 MW
(37) Wind - Siif Energies - CPFL RENOVAVEIS - Brazil - 210 MW
(38) Wind - Macacos - CPFL RENOVAVEIS - Brazil - 78,2 MW
(39) Hydro - Santa Luzia - CPFL RENOVAVEIS - Brazil - 29 MW
(40) Solar - Tanquinho - CPFL RENOVAVEIS - Brazil - 1 MW
(41) Wind - Santa Clara - ERSA - Brazil - 186 MW
(42) Wind - Campos dos Ventos Sul - ERSA - Brazil - 150 MW
(43) Wind - Macacos - ERSA - Brazil - 78,2 MW
(44) Hydro - Salto Góes - ERSA - Brazil - 20 MW
(45) Hydro - Cachoeira Grande - ERSA - Brazil - 16 MW
(46) Hydro - Várzea Alegre - ERSA - Brazil - 7,5 MW
(47) Hydro - Barra da Paciência - ERSA - Brazil - 23 MW
(48) Hydro - Corrente Grande - ERSA - Brazil - 14 MW
(49) Hydro - Paiol - ERSA - Brazil - 20 MW
(50) Hydro - Arvoredo - ERSA - Brazil - 13 MW
(51) Hydro - São Gonçalo - ERSA - Brazil - 11 MW
(52) Hydro - Ninho da Águia - ERSA - Brazil - 10 MW
(53) Hydro - Varginha - ERSA - Brazil - 9 MW
(54) Hydro - Alto Irani - ERSA - Brazil - 21 MW
(55) Hydro - Cocais Grande - ERSA - Brazil - 10 MW
(56) Hydro - Plano Alto - ERSA - Brazil - 16 MW
(57) Hydro - Airuoca - ERSA - Brazil - 18 MW
(58) Hydro - Boa Vista 2 - ERSA - Brazil - 29 MW
(1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW
(2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW
(3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW
(4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW
(1) Wind - Los Junquillos - REP - Chile - 273,9 MW
(2) Wind - Los Lagos - REP - Chile - 59,4 MW
(3) Wind - Rauco - REP - Chile - 118,8 MW
(4) Solar - Salvadoras - REP - Chile - 300 MW
(5) Hydro - San Juan 2 - LAP - Chile - 41,5 MW
(6) Hydro - Carilafquen Malalcahuello - LAP - Chile - 29 MW
(7) Wind - San Juan - LAP - Chile - 184,8 MW
(8) Wind - Totoral - LAP - Chile - 46 MW
(9) Wind - La Cabaña - LAP - Chile - 110,4 MW
(10) Wind - Rihue - LAP - Chile - 127,7 MW
(11) Solar - Pirita - LAP - Chile - 96,7 MW
(12) Hydro - Tulumayo 4 - LAP - Peru - 56,2 MW
(13) Hydro - Tulumayo 5 - LAP - Peru - 83,2 MW
(14) Hydro - Limacpuncu - LAP - Peru - 35 MW
(15) Hydro - Ttio - LAP - Peru - 80 MW
(16) Hydro - Capiri - LAP - Peru - 80 MW
(17) Hydro - Runatullo 3 - LAP - Peru - 20 MW
(18) Hydro - Runatullo 2 - LAP - Peru - 20 MW
(19) Hydro - Huasahuasi 2 - LAP - Peru - 10 MW
(20) Hydro - Huasahuasi 1 - LAP - Peru - 10 MW
(21) Hydro - Santa Cruz 2 - LAP - Peru - 7,4 MW
(22) Hydro - Santa Cruz 1 - LAP - Peru - 6 MW
(23) Wind - Ventos de San Miguel - ENERGISA - Brazil - 150 MW
(24) Wind - Macacos - ERSA - Brazil - 78,2 MW
(25) Hydro - Salto Góes - ERSA - Brazil - 20 MW
(26) Hydro - Arvoredo - ERSA - Brazil - 13 MW
(27) Hydro - Barra da Paciência - ERSA - Brazil - 23 MW
(28) Hydro - Corrente Grande - ERSA - Brazil - 14 MW
(29) Hydro - Ninho da Águia - ERSA - Brazil - 10 MW
(30) Hydro - Paiol - ERSA - Brazil - 20 MW
(31) Hydro - São Gonçalo - ERSA - Brazil - 11 MW
(32) Hydro - Varginha - ERSA - Brazil - 9 MW
(33) Hydro - Várzea Alegre - ERSA - Brazil - 7,5 MW
(34) Hydro - Cocais Grande - ERSA - Brazil - 10 MW
(1) Solar - Ullum N1 - Coral energía - Argentina - 34,2 MW
(2) Solar - Ullum N2 - Coral energía - Argentina - 34,2 MW
(3) Solar - Ullum S3 - Coral energía - Argentina - 28,5 MW
(4) Solar - Ullum S4 - Coral energía - Argentina - 28,5 MW
(5) Wind - P.E. Malaspina I - IMPSA - Argentina - 50 MW
(6) Wind - P.E. Malaspina II - IMPSA - Argentina - 30 MW
(7) Wind - P.E. Koluel Kayke I - IMPSA - Argentina - 50 MW
(59) Hydro - Penedo - ERSA - Brazil - 17 MW
(60) Hydro - Santa Cruz - ERSA - Brazil - 12,5 MW
(61) Wind - Gameleira - ERSA - Brazil - 80 MW
(62) Hydro - UHE Barra Grande - CPFL/Alstom - Brazil - 690 MW
(63) Hydro - UHE Campos Novos - CPFL - Brazil - 880 MW
(64) Hydro - UHE Machadinho - Bourscheid - Brazil - 1140 MW
(65) Hydro - UHE Pedra do Cavalo - Bourscheid - Brazil - 160 MW
DIEGO LOUREIRO (2.287 MW / # 34 Proyectos)
FRANCO BORRELLO (835 MW / # 19 Proyectos)
Brazil 2007 | Hydro Alto Irani – 21MW | ERSA
Chile 2013 | Wind Totoral – 46MW | LAP Brazil 2012 | Solar Tanquinho – 1,1MW | CPFL-R
Chile 2016 | Wind San Juan – 185MW | LAP
Chile 2016 | TL Valle Allipén – 110kV | LAP Brazil 2012 | Biomass Pedra – 70MW | CPFL-R Brazil 2009 | Corrente Grande – 14MW | ERSA
Peru 2014 | Hydro Runatullo 2 – 20MW | LAP
Chile 2014 | Operations Center | LAP Chile 2015 | Hydro Malalcahuello – 9,5MW | LAP
Brazil 2009 | Praia Formosa – 105MW | ERSA
Peru 2011 | Hydro Santa Cruz 2 – 7,4MW | LAP
(8) Wind - P.E. Koluel Kayke II - IMPSA - Argentina - 25 MW
(9) Wind - P. E. Piedra Buena I y II - IMPSA - Argentina - 80 MW
(10) Wind - P. E. Punta Alta - IMPSA - Argentina - 100 MW
(11) Wind - P. E. Dorrego - IMPSA - Argentina - 50 MW
(12) Wind - P. E. Tornquist - IMPSA - Argentina - 50 MW
(13) Wind - P. E. General Acha - IMPSA - Argentina - 50 MW
(14) Wind - P. E. Las Heras - IMPSA - Argentina - 50 MW
(15) Wind - P.E. El Libertador I - IMPSA - Uruguay - 50 MW
(16) Wind - P.E. El Libertador II - IMPSA - Uruguay - 7,35 MW
(17) Wind - P.E. EL Libertador III - IMPSA - Uruguay - 7,35 MW
(18) Wind - P.E. El Libertador IV - IMPSA - Uruguay - 50 MW
(19) Wind - P.E. Cerro Chocán - IMPSA - Perú - 60 MW
12. CORAL ENERGÍA
CALLE DEL CAMINANTE, 80, VIENTOS DEL DELTA II, OF. 502.
RINCÓN DE MILBERG, TIGRE, ARGENTINA
contacto@coralenergia.com
www.coralenergia.com
