Watson Farley & Williams (“WFW”) has advised Banco de Sabadell, S.A. (“Sabadell”) on the project financing of a 50 MW photovoltaic plant in Almeria, Spain. The bank acted as lender for a structured loan granted to the plant’s SPV which is owned by X-ELIO Energy, S.L. (“X-ELIO”).
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. They specialise in the development, design, financing, construction and operation of renewable energy projects.
Rodrigo commented: “We are grateful to Sabadell and X-ELIO for instructing us one again. The expertise and experience of all parties involved enabled us to find solutions unique to this project and thereby insure a quick close for the transaction”.