CMS advises on the construction of a 1 billion renewable energy project

CMS Albiñana & Suárez de Lezo has advised Aquila Capital on the financing for the construction of a portfolio of renewable energy projects. Guillermo Muñoz-Alonso, Víctor Sanjuán and Rodrigo Urosa had been the partners in charge of this operation.

The firm has advised Aquila Capital in a financing operation for the construction of 2.6 GW renewable energy projects in the Iberian Peninsula, for a maximum total amount of 1 billion euros.

The financing has been granted by the European Investment Bank and an international syndicate of banks in which Banco Santander acts as agent, and will be articulated through a series of successive closings (around 30) staggered over the next three years.

This operation, known as the “Atlas project” and in which representatives of the CMS office in Hamburg have also participated, represents a significant expansion of one of the largest private investors in renewable energy in Europe.

Julia Gil