Clifford Chance advises banks on €263m PV project financing
Clifford Chance has advised a group of financial entities on the refinancing of a solar thermal plant with a capacity of 50MW in Southern Spain for €263 million
Clifford Chance has advised Société Générale Sucursal en Espagne, Crédit Agricole Corporate and Investment Bank, Sucursal en Espagne, Export Development Canada, CaixaBank, S.A. and BNP Paribas Fortis, S.A. N.V. (as Mandated Lead Arrangers, Bookrunners and Original Lenders), Société Générale Sucursal en Espagne, CaixaBank, S.A. and BNP Paribas Sucursal en Espagne (as Initial Issuing Banks), Crédit Agricole Corporate and Investment Bank, Société Génerale, CaixaBank, S.A. and BNP Paribas (as Hedge Counterparties) and Société Générale Sucursal en Espagne (as a Bank Agent and Guarantee Agent) on the refinancing operation for an amount of €262,9 million of the project debt of a solar thermal plant with a capacity of 50 MW, located in Morón de la Frontera, Seville (Spain) owned by Arenales Solar PS, S.L., which was recently acquired by the Cubico Sustainable Investments Limited group.
The Clifford Chance team has been led by the Banking and Finance head partner José Guardo (pictured left), who has been supported by senior lawyer Eugenio Fernández-Rico (pictured right), lawyers Antonio Sánchez-Cirujano and Álvaro Cabaleiro and Alejandro Cubillo (all B&F), together with Capital Markets senior lawyer Ángel Muñoz, Litigation and Arbitration lawyer Alba Sande, and Corporate lawyer Carmen Satrústegui.
