Hyperion secures €210M for renewables portfolio: advisors
CS’Associados has advised Hyperion Renewables on the closing of a €210 million financing package for the construction, operation and refinancing of a portfolio of renewable energy projects in Portugal. The portfolio, known as Project Theia, has a total installed capacity of nearly 300 megawatts (MW) and includes two hybrid projects combining solar, wind and battery storage, alongside several small-scale generation units. Pérez-Llorca advised Eiffel Investment Group, which contributed with €35 million to the overall financing.
The Iberian company has a development pipeline of more than 3.4 gigawatts (GW) across Portugal, Spain and Romania, with an operational installed capacity of more than 100 MW. Project Theia includes the Cavaleira plant (in Estremoz), which combines photovoltaic, wind and battery production at a single grid connection point, as well as the Vale de Moura park (Évora), featuring solar generation and storage.
Of the €210 million financing, a tranche of nearly €175 million was provided by a group of banks including Santander Totta, Banco Português de Fomento, BCP and Sumitomo Mitsui Banking Corporation. Another €35 million was provided by Eiffel Investment Group. Of the total amount, €116 million corresponds to debt refinancing linked to projects already in operation or under construction.
The CS’Associados team was led by partner Duarte Brito de Goes and included lawyers João Pedro Matias, Miguel Paquete, Francisco Afra Rosa, José Bettencourt, Benedita Costa e Sá and Cristina Chernova.
The banking and finance team at Pérez-Llorca was led by partner Carlos Vaz de Almeida, with the participation of associates Sara Santos Dias and Gonçalo Branco Pardal.
In the picture, Duarte Brito de Goes and Carlos Vaz de Almeida.
