WFW and Ashurst advise on Equitix Spain’s €271m financing project
Watson Farley & Williams and Ashurst have advised on an innovative €271 million financing granted to Equitix by Banco Santander for the refinancing, construction and development of a hybrid renewable energy system spanning several Spanish regions. The portfolio uniquely combines wind, solar, and battery storage technologies, marking the first financing of such a multi-technology hybrid project in Spain.
This strategic transaction underscores Ashurst’s dedication to supporting clients in pioneering sustainable initiatives. With an aggregate capacity exceeding 326 MW, the portfolio will significantly reduce CO2 emissions, contributing to Spain’s renewable energy goals.
The Ashurst team have advised Equitix, led by partners Irian Martínez and Andrés Alfonso, supported by counsels Tannia Rodríguez and Aitor Errasti, along with associates Marta Timoner, Pedro Díaz, and Javier Altemir.
The WFW Madrid team that advised Banco Santander was led by finance partner José María Anarte, working closely with senior associate Laura Fontán and associates Beltrán Silva and Álvaro del Real. Regulatory expertise was provided by partner Luis González and associates Isabel Rodríguez de Codes and Rocío Saadeh.
