Watson Farley & Williams (“WFW”) has advised Natixis, S.A. Sucursal en España (“Natixis”) on the project financing of three photovoltaic plants owned by Matrix Renewables with a total installed capacity of 128.99 MW located in Almonte, Huelva, Spain. Natixis acted as lender for the credit facility granted to Matrix Renewables via its subsidiary MR Rocio Holdings, S.L.
Natixis is a French multinational financial services firm specialised in asset & wealth management and corporate & investment banking.
Matrix Renewables is a renewable energy platform created and backed by global alternative asset manager TPG and its US$14bn impact investing platform TPG Rise. Matrix Renewables’ portfolio currently comprises 2.1 GW of operational, under construction or near ready-to-build solar PV projects and a further 2.7 GW pipeline of other renewable energy projects under development, across Europe, the US and Latin America.
The WFW Madrid team that advised Natixis was led by Finance Partner Rodrigo Berasategui, working closely with Regulatory Partner David Diez, London Finance Partner Katherine Best, Senior Associates Jacobo Hermidas, Ignacio Soria and Gavin Jackson and Associates Julia Belmonte, Arancha Ruesta, Paula Pérez and Oli Baines.
Rodrigo commented: “We are delighted to have worked with Matrix Renewables and Natixis on this portfolio financing. Our role in this transaction underpins WFW’s standing as one of the leading legal advisors for finance work in the renewable energy space in Europe and, in particular, Spain”.