Clifford Chance advises Cesce on its first state-backed guarantee for the EIB
Clifford Chance has advised Cesce, the Spanish Export Credit Agency (ECA), on its first-ever guarantee issued on behalf of the Spanish State to the European Investment Bank (EIB). The landmark guarantee underpins a €500 million green loan facility granted by the EIB to Iberdrola for the development of the Windanker offshore wind farm in the Baltic Sea.
Clifford Chance’s export finance team advised on all legal aspects of the operation through its international network. The team was led by partner José Guardo, with support from Global Financial Markets senior associate Juan Puras.
