Broseta and WFW advises on the acquisition of Valle Solar by Saeta Yield
Broseta and Watson Farley & Williams have advised on the acquisition of Valle Solar, one of the largest solar photovoltaic installations in the Valencian Community with 234 megawatts (MW) and a potential for hybridisation with battery storage (BESS) of 259 MW, by Saeta Yield.
The project was promoted in 2018 by Genia Solar with the backing of the Italian fund Solar Ventures. However, it was not until 2024 that it received the final green light for construction.
Saeta Yield
Madrid-headquartered energy company Saeta Yield manages a portfolio of 789 MW of wind and solar thermal energy in Spain and 144 MW in Portugal. It was acquired by Masdar, the state-owned Emirati renewable energy company also known as the Abu Dhabi Future Energy Company, in 2024.
Solar Ventures and Genia Solar
Solar Ventures is an independent power producer (IPP) that develops, builds and finances utility scale PV plants worldwide,with a particular focus on emerging markets where it has beenactive since 2008.
Renewable energy engineering and promotion group Genia Solar has developed grid-connected projects that account for 2.5% of all power currently installed in Spain.
Advisors
Broseta has advised Saeta Yield, with Andrés Campaña (partner), José Luis Aguilar (partner), Jaime Martínez-Pardo (director), Gil Manuel Perea (senior associate), Victor López (lawyer), Carles de Espona (associate), Gonzalo Villar (lawyer), María José Martí (lawyer), Marta Gros (lawyer).
Pérez-Llorca has also advised Saeta on the transaction.
WFW has advised Solar Ventures and Genia Solar Energy with a team led by head of the Madrid office and energy sector head for Europe & Americas, María Pilar García Guijarro, working closely with senior associates Jaime Salazar and Román Pazos and associate Juan Lozano. They were supported on regulatory matters by partner David Diez and senior associate Ignacio Soria and associate Isabel Rodríguez de Codes.
