WFW advises Elawan on €760M renewables financing

Watson Farley & Williams (WFW) has advised Elawan Energy on the structuring and implementation of two portfolio financing facilities, referred to as Himalaya, with a combined value of approximately €760m. The syndicate of lenders on the transaction was advised by Clifford Chance.

WFW’s mandate covered all aspects of the transaction, including the negotiation of the financing documentation, the review and negotiation of key project agreements, and a regulatory analysis of the portfolio and associated development assets. The firm also advised on and coordinated the repayment and release of nine existing financing facilities that were refinanced as part of the transaction.

The team

The WFW Madrid team advising Elawan was led by finance Juan Vicente Barquilla, partner, supported by Antón Ramil, senior associate, and associates Álvaro del Real, María Heredero and Cristina Álvarez. The team worked closely with Luis González, partner, and Paula Pérez, senior associate, on the regulatory aspects of the transaction.

In the picture: Juan Vicente Barquilla and Luis González