Renovalia’s €261 Million Refinancing of Photovoltaic Portfolio

Bird & Bird advised Renovalia on the deal. Gomez-Acebo & Pombo advised Banco de Santander, S.A. and Banco de Sabadell, S.A.

Renovalia announced refinancing of a photovoltaic portfolio for approximately €261 million, which was granted by Banco de Santander, S.A. and Banco de Sabadell, S.A.

The operation, which has been structured under the Project Finance modality, aims to finance the growth and development of its photovoltaic pipeline. The company, which specialises in the renewable energy sector, will invest €1 billion over the next two years in the development of its portfolio of photovoltaic projects in Spain, said a spokesperson from the firm.

The Bird & Bird team included: Hermenegildo Altozano (Picture), Alfonso Bayona and Pablo Galera.

The Gomez-Acebo & Pombo team was led by Verónica Romaní, Carlos de la Luna and Iñigo Arrieta.

Involved fees earner: Hermenegildo Altozano – Bird & Bird; Alfonso Bayona – Bird & Bird; Pablo Galera – Bird & Bird; Iñigo Arrieta Rodríguez – Gomez-Acebo & Pombo; Carlos de la Luna Roig – Gomez-Acebo & Pombo; Verónica Romaní Sancho – Gomez-Acebo & Pombo;

Law Firms: Bird & Bird; Gomez-Acebo & Pombo;

Clients: Banco de Sabadell; Banco Santander Sa; Renovalia Energy;

Martina Bellini

Author: Martina Bellini