WFW advises Helios on refinancing of existing PV project mezzanine loan
We advised Helios Energy Investments on the refinancing of an existing mezzanine loan agreement relating to a 96 MW photovoltaic project acquired from Cobra Group in 2019.
We advised Helios Energy Investments on the refinancing of an existing mezzanine loan agreement relating to a 96 MW photovoltaic project acquired from Cobra Group in 2019.
Acting as transaction advisors, WFW carried out the due diligence process, as well as the drafting and negotiation of the SPA, and several other ancillary agreements, as well as the closing of the transaction.
We advised Cobra Concesiones S.L., on the financing of a 50 MW PV plant currently under operation in Albacete, Spain, owned by special purpose vehicle Bonete Fotovoltaica 1 SL.
The 22.3 MW portfolio, located in the seven Italian regions of Molise, Piedmont, Calabria, Abruzzo, Marche, Lazio and Puglia, comprises eighteen photovoltaic plants under the Italian Conto Energia (feed-in tariff) scheme.
Finerge is Portugal’s second-largest renewable energy producer. It operates 53 wind parks and 16 photovoltaic plants across Portugal and Spain.
RPC is a pan-European renewable energy investment platform established in 2020 by Canadian Pension Plan Investment Board. This JV marks its entry into Spanish renewable energy market.
This transaction marks Blue Elephant’s entry into the Greek renewable energy market, and includes the largest operational solar park in Greece, with an overall capacity of 38 MWp.
The agreement will lead to the joint development, alongside medium-to-small local construction businesses, of solar pipelines in Italy with a combined installed capacity of up to 100 MW.
This financing follows Noy Fund’s recent acquisition of a majority stake in the Olmedilla plant, on which WFW also advised. The acquisition was Noy Fund’s first investment in Spain.
The photovoltaic plant is located in Cadiz, Spain, and will be operational in 2021. It is Everwood’s second merchant plant, with the financing representing a leverage of 62% on the project.
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