DLA Piper advises Santander on the financing of three Spanish photovoltaic projects
DLA Piper has advised Banco Santander (as sole arranger & underwriter, original lender and hedge provider) on the structured financing – for a total investment of €130 million – for the development, installation and operation of three solar PV plants, owned by Abei Energy & Infrastructure, called Gazules (28 MWn in the province of Cádiz), and Mudarra 1 and 2 (for a total of 95.4 MWn in the province of Valladolid). Additionally, the team has advised Abei on the negotiation of the PPAs with leading international offtakers.
The DLA Piper team was led by Pablo Echenique, corporate/M&A partner, and José Marco, finance counsel. The team also included Marta Clemente, corporate/energy legal director; Felipe López, senior associate and Víctor Sanjuan, associate of finance; and Marcos Gil, corporate/energy associate. Additionally, the regulatory team, was led by partner Pepe Barrios and legal director Carlos Daza, and the real estate team, counted with Pablo Gamboa and Rodrigo Iglesias, both associates.
The Santander in-house legal advice was carried out by Eloísa Martínez, Andrea García and Jesús Blanco; and the Abei team was led on the legal side by Manuel Jimenez Quiros and Saray López Lindo.
