Ontier, Uría and WFW on Nexwell Power €245M financing
Nexwell Power has secured a financing package exceeding €245m to develop its renewable energy portfolio in Spain and support long-term clean energy supply agreements. The transaction includes a €134m senior debt facility granted by MUFG Bank and Instituto de Crédito Oficial (ICO) to Nexwell Power project companies. The financing structure also includes a facility provided to project holding companies by Eiffel Investment Group.
Watson Farley & Williams advised MUFG Bank and ICO. Uría Menéndez advised Nexwell Power, while Ontier acted as legal adviser to Eiffel Investment Group.
The portfolio comprises 248 MW of utility-scale renewable assets located in Andalucía and Aragón, including solar photovoltaic plants designed from inception to integrate battery energy storage systems. The projects are expected to enter operation in the near term.
The advisors
On Watson Farley & Williams’ side, the Madrid energy team was led by finance partner Juan Vicente Barquilla, supported by senior associate Jacobo Hermidas and associates Sara Estradera and Cristina Arrieta.
On Uría’s side, the transaction was led by partner José Félix Zaldívar de la Rica, with lawyers Eugenia Martínez Asensi, Javier Galarza Recuero and Carmen Gonzalo Pérez.
The Ontier team was led by partner Manuel Mingot. The following lawyers were also involved: from the financial practice, María Luisa Cid (lawyer); from the public law practice, Silvia San Felipe (area manager) and Adrián García Pacios (associate); and from the tax practice, Teresa Valdelomar (partner) and Concha Navarro (associate).
