KWM advises on a €553m green loan financing granted to Solaria

King & Wood Mallesons has advised Banco Santander and the European Investment Bank (EIB) on the agreement reached with the listed renewable energy group Solaria for the granting of a Green Loan financing amounting to €553 million, through several credit facilities, intended for the development of several solar photovoltaic projects with a total aggregate capacity of more than 1 GW.

The projects, in different stages of development, are located in Castilla y León, Castilla la Mancha and Catalonia. This is one of the most relevant project finance deals of 2023, due to its size and complexity.

The KWM team has been led by the partner and head of banking and finance in Spain, Joaquín Sales, and by the counsel Félix Hernández. Other relevant finance lawyers are the associates José Berjón and Fernando Raga. KWM Madrid’s energy and real estate teams, led by partners Gonzalo Olivera and José Antonio Calleja, have also actively participated in the project.

Julia Gil