Clifford Chance, Baker McKenzie and Deloitte on Galp’s acquisition of Acciona
Clifford Chance, Baker McKenzie and Deloitte have advised on Galp’s acquisition of a portfolio of operational onshore wind assets in Spain from Acciona Energía, comprising 15 wind farms with a total installed capacity of 361 MW.
The transaction involves the transfer of 100% of the portfolio to Galp, strengthening the Portuguese energy group’s renewable energy platform in Spain through the acquisition of an established operating asset base. The deal forms part of Acciona Energía’s asset rotation strategy and supports Galp’s continued expansion in the Iberian renewable energy market.
The teams
The Clifford Chance team advising Galp was led by Corporate/M&A partners Pablo Murcia and Luis Alonso, supported by senior associate Juan Valcárcel and Corporate/M&A team members Conrado López, Xabier Olábarri, Juan Antonio Peces and Jaime Sánchez. Other Clifford Chance lawyers involved in the deal included José Luis Zamarro, Mónica Romero, Eduardo Sánchez, Enrique Pais, Darío Buendía, Andrés Berral, Itziar Kraus, Miguel de Santos, Paula Abad, Jorge Martín-Fernández, Olga Albalá, María Begoña Barrantes, Carme Briera, Sara Selma and Luisa Morely.
Baker McKenzie advised Acciona Energía on the sale. The mandate was led by partners Antonio Morales and Juanjo Corral Moreno, with support from Pablo García Canosa and Isabel Rodríguez Miguélez. The multidisciplinary team also included David Díaz, Javier Pera Arredondo and Juan de Haro del Barrio (Employment), Pedro Calzada and María Garrido Bermejo (Public Law), and Guillermo Rodrigo García, Marta González Iniesta and Jaime Armijo Forero (Real Estate).
Pictured below: Antonio Morales and Juanjo Corral Moreno
On Deloitte Legal’s side, a multidisciplinary Tax team advised on the transaction, carrying out the tax due diligence. The team was led by partners Javier Pérez Olivares and Sergio Ramírez Soto, with support from Nuria Sánchez Peña (Senior Manager) and Pablo Trelles García (Senior), all members of the firm’s Tax M&A practice.
