Elawan closes €25m financing for San Pedro wind farm: Advisors
Elawan Energy, a global player in the renewable-energy sector, has closed a €25 million financing package for its 30 MW San Pedro wind farm in Querétaro, Mexico. The long-term credit facility is covered by a Cesce Green Investment Policy on behalf of the State, in line with the company’s sustainability criteria and energy-transition objectives.
Operational since September 2023, the San Pedro wind farm is the only wind-power project in the state of Querétaro. In 2024 the facility generated over 105 gigawatt-hours (GWh), making a significant contribution to the region’s sustainable energy supply.
The financing was arranged by Banco Bilbao Vizcaya Argentaria (BBVA), acting as lead arranger and structuring agent, with Clifford Chance advising the bank and Linklaters advising Elawan Energy on the transaction.
Advisors
Clifford Chance has advised BBVA with a team led by Global Financial Markets partner José Guardo, with the support of senior associate Antonio Sánchez-Cirujano and associate Mariana Ceballos. The team also included the paralegal Marta del Barrio.
Linklaters has advised Elawan Energy with a team formed by Alberto García Linera and Juan Barona, with support from Jaime Pelegrí Souviron and Alejandro Flujas López.
