Watson Farley & Williams instructed on €50m financing of PV plants

Watson Farley & Williams (WFW) advised Liberbank in relation to the €50m financial restructuring of two photovoltaic (PV) plants located in Ciudad Real.

The PV plants are owned by the Spanish energy producer Guadalta (Grupo Naturener).

Liberbank acted as agent to a financing consortium comprising the following banks: KfW IPEX-Bank, Portigon, Landesbank Hessen-Thüringen Girozentrale (Helaba), Novo Banco, Sumitomo Mitsui Banking Corporation, and KBC Bank.

With an aggregated capacity of 7.5MW, the two plants are located in the municipalities of Manzanares and Almuradiel.

The Madrid-based WFW team advising the banks was led by Spain managing partner María Pilar García Guijarro, and included partners David Diez and Luis Soto. The team also included senior associates José María Anarte and Esther González, as well as associate Jacobo Hermidas.