Clifford Chance on the debt refinancing of a 551 MW portfolio
Clifford Chance has advised renewable energy company, Northland Power, on the refinancing of a €690 million project debt on a portfolio of 33 renewable energy plants in Spain, with a total installed capacity of 551 MW.
The financing has been provided by CaixaBank and structured as a holdco loan, benefiting from the technological diversity of the portfolio and the remuneration system established in Royal Decree 413/2014.
The team from Clifford Chance advising Northland Power was formed by the partner of global financial markets, Eugenio Fernández-Rico (pictured left), the associate from the same practice, Enrique Pais and the partner from regulatory, José Luis Zamarro (pictured right) and the associate from the same practice, Alba Sande.