Madrid-headquartered Saeta Yield manages a 936.5 MW portfolio of wind, photovoltaic and solar thermal energy assets in Spain.
Oryx Power develops, manages and invests in renewable energy assets in Europe, Latin America and Africa from origination to the operational phase.
The joint venture, “Aedes-Photosol Développement”, allows both companies to pool their expertise to develop the portfolio, the first projects of which should be commissioned in 2024.
The three plants – 50 MW Los Belos, 11.2 MW El Muelle and 50 MW Montesol – are all located in the Spanish region of Aragon and have been fully operational since 2020.
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.