WFW advises lenders on €500m European solar infrastructure portfolio financing23 January 2025
The financing will be used for the development, construction and project costs of numerous ground-mounted solar PV projects.
The financing will be used for the development, construction and project costs of numerous ground-mounted solar PV projects.
The portfolio comprises two onshore operating wind farms.
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.
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.
Founded in France in 2008, Reden is a leading independent producer of photovoltaic renewable energy.
WFW carried out the vendor’s due diligence process and the drafting and negotiation of the sale and purchase agreement.
The 100% renewable energy that will be produced by the portfolio’s plants will reduce emissions by 340,000 tons of CO2 and supply 416,000 Spanish homes every year.
X-ELIO is a global leader in the development of sustainable energy with a strong commitment to the reduction of greenhouse emissions and the fight against climate change.
We advised Cobra Concesiones S.L., on the financing of a 50 MW PV plant currently under operation in Albacete, Spain, owned by special purpose vehicle Bonete Fotovoltaica 1 SL.
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