GA_P Guides Spanish Banks in Renewable Energy Financing

Gómez-Acebo & Pombo has provided legal counsel to Banco Santander, BBVA, and Nordlb in a financing arrangement for ib vogt, a German company specializing in renewable energy development, that has has secured EUR 350 million to proceed with the realisation of a solar portfolio in Spain. The funding supports a portfolio of 418 MWp of photovoltaic energy, encompassing three solar installations located around Segovia. The solar portfolio includes the Serbal (174 MWp), Castaño (134 MWp), and Pato (110 MWp) plants.

This financing arrangement underscores Gómez-Acebo & Pombo’s commitment to supporting major players in the renewable energy sector. The collaboration between these leading Spanish banks and the German solar developer signifies a strategic move towards advancing sustainable energy initiatives in Spain, contributing to the country’s growing portfolio of renewable energy projects.

The legal team at GA_P was comprised of Banking and Finance partner and Energy coordinator Verónica Romaní Sancho (pictured left) as well as Juan Pérez Gómez, Iñigo González de Echávarri, Joaquín Beltrán Tárrega, and Jimena Sánchez, associates specializing in Banking and Finance. Additionally and pictured below in order of mention, Fernando Trigo Fernández and Roberto Bustamante López-Dóriga, associates in Public and Regulatory law, and Javier Marroquín Mingot, an associate in Real Estate law, played crucial roles in the advisory process.