We advised on a loan granted by Santander CIB to Greening Group for the construction and development of 148 roof-mounted and ground self-consumption photovoltaic units at poultry processing facilities owned by the Bachoco group in Mexico.
This is the first CESCE-backed green loan underwritten by Grenergy Renovables.
Watson Farley & Williams has advised Sonnedix on the signing of an innovative €500m loan facility to finance the construction of its renewable development pipeline.
This week, Mhairi is joined by Madrid Partner Rodrigo Berasategui, who has more than 20 years’ experience advising on a broad range of renewables transactions, to discuss the sector at the heart of the drive toward net zero.
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 plants supply Telecor, S.A. with electricity under a power purchase agreement agreed in Q4 2022.
The financing is the first green loan granted to a Spanish energy company by EKSFIN.
The loan was structured as a green facilities agreement.
The portfolio comprises twelve wind farms and seven solar photovoltaic plants.
The transaction involved a financing structure based on a power purchase agreement and is one of few brownfield refinancings to successfully complete to date in Spain.
As part of the deal, WFW also advised Sonnedix on the signing of a twelve-year PPA.
Based in Madrid and Bilbao, BBVA is one of the largest financial institutions in the world.
