solar sun glinting

WFW advises on €423M Renovalia Solar refinancing

14 January 2016

International law firm Watson Farley & Williams (“WFW”) advised three banking syndicates led by Banco Santander on the €423M debt refinancing of Renovalia Solar’s photovoltaic portfolio.

The portfolio, one of the largest of its kind in Spain, comprises three major photovoltaic projects- in Casa de los Pinos, Puertollano and Albacete – with an aggregate maximum capacity of 69 MW which were refinanced in three consecutive phases, with the last, Renovalia Solar 2, completing on 28th December 2015.

The WFW team advising Renovalia Solar was led by partner Rodrigo Berasategui, head of the firm’s Spanish Banking & Finance practice, assisted by associate Aitor Errasti.

Rodrigo commented: “That WFW Madrid acted as lead adviser on the refinancing of Project Renovalia amply demonstrates once again our unrivalled expertise and experience – be it financial or regulatory – in the Spanish renewable energy space”.