Watson Farley & Williams (“WFW”) advised CaixaBank on the €55m recap financing of the holding companies of six windfarms with 182.4 MW aggregate power owned by Elecnor Group company Enerfin Sociedad de Energía, S.L. The windfarms are located in the Spanish regions of Galicia and Andalusia.
The proceeds of these facilities were principally used to make distributions to shareholders.
The WFW Madrid team advising CaixaBank was led by Finance Partner Rodrigo Berasategui who commented: “We are pleased to have advised CaixaBank once again on a transaction that highlights their standing as a major player in the renewables sector. Thanks to our close relationship with both Elecnor Group and, in particular, Enerfin, we were able to successfully close the transaction and obtain the best financial optimisation possible for these assets”.