Cuatrecasas advises FRV on €64m Climate Bond financial close

Cuatrecasas has advised Renewable Energy developer Fotowatio Renewable Ventures (FRV) on the closing a project financing deal for a 138MW PV plant in Spain

As previously informed today by Iberian Lawyer, FRV and French lender Natixis have closed a project financing deal for a 138MW photovoltaic plant in the town of Solana de los Barros in Extremadura, Spain.

The €64 million loan for the San Serván solar facility is the first Climate Bond ertified green transaction in the country, with Natixis acting as underwriter and sole coordinator.

Cuatrecasas advised FRV with a Madrid office team led by Finance partner Agustín Cerdá (pictured left) and Public & Regulatory partner Luis Pérez de Ayala (pictured right), with the collaboration of Finance associates Javier Sotésa and Juan González, and Public & Regulatory associates Agustín Alfaro, Alejandro Bonitch and Marta Díaz.

Natixis was advised by Watson Farley & Williams.