The banks acted as lenders and mandated lead arrangers for the structured loan granted to the SPV and Q-Energy Puertollano Newco, S.A., partial owner of SPV and indirectly owned by Q-Energy.
On 15 September 2021, Royal Decree-Law 17/2021 of 14 September 2021, providing for urgent measures to mitigate the impact of soaring natural gas prices in the retail gas and electricity markets was published in the Spanish Official Gazette and came into force the following day.
WFW advised Banco Santander on the refinancing of one of the world’s first ever hybrid solar-biomass plants and the first in Spain.
Vienna-headquartered Kommunalkredit is an investment bank focussed on developing sustainable infrastructure to improves the quality of people’s lives.
Madrid-headquartered Saeta Yield manages a portfolio of assets comprising 936,5 MW of wind, PV and solar thermal energy in Spain, 95 MW of wind energy in Uruguay and 144 MW of wind energy in Portugal.
Watson Farley & Williams has advised a syndicate of banks on the €283m refinancing of the 49.9 MW thermo-solar in Fuente Palmera, Córdoba, Spain.
The portfolio comprises the “Fotosfera”, “Kissoro” and “Sunplex” solar parks and “Venalta” substation located in Spain’s south eastern Granada province.
Located in the Andalucía region and operational since 2011, the portfolio comprises two parabolic solar thermal power plants and a third using tower technology.
Finerge is Portugal’s second-largest renewable energy producer. It operates 53 wind parks and 16 photovoltaic plants across Portugal and Spain.
This financing follows Noy Fund’s recent acquisition of a majority stake in the Olmedilla plant, on which WFW also advised. The acquisition was Noy Fund’s first investment in Spain.