DLA Piper and Cuatrecasas advise on €35m financing for two PV plants in Spain

DLA Piper and Cuatrecasas have advised on the €35 million financing granted by Bankinter to a joint venture formed by Victory Hill, a global sustainable energy investment firm, and Spanish developer Spanish Power, for the construction of two photovoltaic plants with a combined capacity of approximately 75 MW, located in the provinces of Burgos and Málaga. DLA Piper acted for the joint venture, while Cuatrecasas advised Bankinter.

Both projects form part of the portfolio of solar photovoltaic and wind assets acquired by the aforementioned joint venture in July 2024, with a total capacity of around 250 MW distributed between Spain, Portugal, and Sweden.

Advisors

The DLA Piper Spain team was led by Pablo Echenique, Corporate partner and head of Energy, and José Marco, Finance partner, with the collaboration of Felipe López and Ángel Ansorena, from the Finance department. Marcos Gil and Patricia Fernández-Bujarral, from Corporate, and Alberto Lobato, senior associate in the Tax department, also participated.

Bankinter was advised by Cuatrecasas, with a team led by Agustín Cerdá.