WFW deals win at IJGlobal Awards 20237 March 2024
We are delighted to announce that two deals the firm advised on have won awards at the prestigious IJGlobal Awards 2023.
We are delighted to announce that two deals the firm advised on have won awards at the prestigious IJGlobal Awards 2023.
We advised Societe Generale on a €89m project financing granted to X-ELIO for the construction, development, and operation of three photovoltaic with a total installed capacity of 123 MWp plants located in the southern Spanish regions of Andalusia and Murcia.
GPH is the world’s largest cruise port operator with an established presence in the Caribbean, Mediterranean and Asia-Pacific.
Watson Farley & Williams advised Natixis CIB on a circa €700m greenfield project financing granted to Spanish Portfolio, S.L, a subsidiary of Grupo Cobra, for the construction, development, and operation of a 1,231 MWp photovoltaic portfolio comprising 21 plants located in Spain.
The plant is one of the largest PV generation projects in Europe.
The assets were refinanced under a PPP structure in a facility agreement subject to Spanish Law.
The loan was structured as a green facilities agreement.
As part of the deal, WFW also advised Sonnedix on the signing of a twelve-year PPA.
The PV plant is expected to be operational in 2024.
The bank acted as lender for a structured loan granted to the three SPVs that own the plants.
Energia has one of the largest dedicated wind and solar investment teams in Europe and is currently investing in its fifth renewable energy fund, Taaleri SolarWind II fund.
Galp is a leading integrated Portuguese energy company that develops profitable and sustainable businesses committed to net zero CO2 emissions by 2050.