Galp is a leading integrated Portuguese energy company that develops profitable and sustainable businesses committed to net zero CO2 emissions by 2050.
Through this acquisition, novotegra will increase sales in existing distribution channels, as well as launch a new product range across multiple international markets through the combined sales and logistics strength.
This is among the largest French green PPAs to date in terms of volume and its delivery guarantee courtesy of the plants’ storage capacity has no precedent in France.
WFW advised on all Italian law matters relating to the acquisition documents and completion of the transaction.
WFW also advised Bpifrance, La Banque Postale and Crédit Coopératif as lenders on the €16m debt financing.
WFW advised Banco Sabadell on the financing of 50 MW photovoltaic plant called Huelva 2021, in Andalusia, Spain.
We advised Kenergy Ventures BV on the formation and implementation of a joint venture agreement with Reden Development Spain S.L. to develop photovoltaic projects in Spain. This joint venture is the first step in a long-term alliance between Kenergy and Reden Solar to develop renewable energy projects in Spain.
We advised Helios Energy Investments on the refinancing of an existing mezzanine loan agreement relating to a 96 MW photovoltaic project acquired from Cobra Group in 2019.
Acting as transaction advisors, WFW carried out the due diligence process, as well as the drafting and negotiation of the SPA, and several other ancillary agreements, as well as the closing of the transaction.
The 22.3 MW portfolio, located in the seven Italian regions of Molise, Piedmont, Calabria, Abruzzo, Marche, Lazio and Puglia, comprises eighteen photovoltaic plants under the Italian Conto Energia (feed-in tariff) scheme.