Watson Farley & Williams (“WFW”) has advised Total Eren on the refinancing of the acquisition of NovEnergia Holding Company (“NovEnergia”), an Independent Power Producer (“IPP”) with an installed capacity of nearly 670 MW, mainly in Southern Europe.
Currently valued at more than €1bn, NovEnergia operates 47 renewable energy projects located in Portugal, Italy, France, Spain, Poland and Bulgaria. The acquisition, which closed last April, enabled Total Eren to expand its global renewable energy portfolio with solar, wind and hydro projects under construction or in operation, reaching a total capacity of over 2.000 MW. This transaction is part of the strategy of Total Eren aiming at reaching an installed capacity of over 3 GW by 2022.
The WFW Paris team advising Total Eren was led by Finance Partner Philippe Wolanski, supported by Associates Arnaud Conquis and Christophe Garcia.