Eugenio Fernández-Rico & José Luis Zamarro

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.

Irina Wakstein