DLA Piper advises on the €213m green financing of a 306 MWp solar portfolio
DLA Piper has advised a syndicate of financial institutions coordinated by Rabobank, with ABN AMRO, BNP Paribas, Commerzbank and Rabobank as original lenders, on the financing for the development and construction of a portfolio of seven solar plants, with an aggregate installed capacity of 306 MWp. The portfolio of plants is divided between Spain (three plants) and Italy (the remaining four plants). The project sponsor is Alantra Solar, a partnership between Alantra and Solarig. The financing amounts to 213 million euros.
Image: Juan Gelabert, partner in the Financing, Projects and Restructuring practice of DLA Piper Spain with Felipe López and Ángel Ansorena, senior associate and associate of the same department.
Alantra Solar (a partnership between Alantra and Solarig) has signed a €213 million debt financing agreement with Rabobank, acting as Bookrunner and Coordinator on behalf of a syndicate of banks comprising ABN AMRO, BNP Paribas S.A., Commerzbank and Coöperatieve Rabobank as original lenders, for the construction of seven solar plants of the first batch totaling 306 MWp. In addition, during this first fiscal year, Solarig has completed the construction and grid connection of the vehicle’s first solar plant of 16 MW located in the south of Spain, in Zafra (Badajoz), financed separately by Caja Rural de Soria.
The DLA Piper Energía team in Spain and Italy that advised on this transaction was led by Juan Gelabert, partner in the Financing, Projects and Restructuring practice of DLA Piper Spain, and Giovanni Ragnoni, partner in the Financing practice of DLA Piper Italy. Felipe López and Ángel Ansorena, senior associate and associate of the same department; José María Barrios, partner in charge of Regulatory; Marta Vizcaíno, Of Counsel of Corporate M&A; Carlos Tobías and Marcos Gil, associates of Corporate, have also advised on the transaction. In Italy, Francesco Chericoni and Alessandra Fanelli, both associates of Financing, Projects and Restructuring.
