Clifford Chance advises on a €175 million green financing for Grenergy Renovables

Clifford Chance has advised Grenergy Renovables on a €175 million financing for the construction and operation of a portfolio of solar plants located in Guadalajara and Almería (Spain), namely, José Cabrera and Tabernas.

The transaction, signed with Banco Santander, MUFG and Natixis, is a green loan financing and also includes other complementary credit lines. This transaction is structured in such a way that its proceeds will be used to finance 300 MW of renewable energy projects.

The firm team was led by Global Financial Markets partner José Guardo and senior associate Eduardo Sánchez, with the support of associates Gabriel Miranda, Alejandro Cubillo and Juan Conde-Pumpido. Senior associate Ángel Muñoz advised on derivatives related matters.

Julia Gil