WFW, A&R advise on Taaleri Energia´s PV plant acquisition and financing

Watson Farley & Williams has advised Taaleri Energia, a renewable energy developer and fund manager, on the acquisition and financing of the 50 MWp Niebla solar PV plant in Spain, with Araoz & Rueda advising on EPC and OM contracts

Niebla was developed by Spanish developer Valfortec in co-operation with Taaleri Energia, with project financing to be provided by Banco Sabadell. Construction starts in December 2021, with the plant expected to be fully operational in Q3 2022.

Taaleri Energia is a Helsinki-based renewable energy developer and fund manager with a 2.8 GW wind and a solar portfolio spanning Europe, the US, and the Middle East. Comprising 40 professionals, it has one of the largest dedicated wind and solar investment teams in Europe and is currently investing in its fifth renewable energy fund, Taaleri SolarWind II fund.

The WFW Madrid Corporate team that advised Taaleri Energia on the M&A aspects of the acquisition was led by partner David Díez (pictured top centre) and Madrid Office head and partner María Pilar García Guijarro (pictured left), working closely with senior associate Juan Area Díaz de Atauri (pictured top right). Partner Jose María Anarte (pictured bottom centre), working closely with senior associate Antonio Cáneva (pictured middle right) and associate Sara Estradera (pictured bottom right), advised on the financing of the acquisition.

María Pilar and David Díez commented: “It was a pleasure to advise Taaleri Energia on their investment plans in Spain. That they opted for WFW to assist them once again highlights our market-leading renewables expertise in Spain and ability to advise clients throughout the entire lifecycle of their investment, thereby consolidating our relationship with key players in the sector.”

Jose María commented: “It was a pleasure to advise Taaleri on this financing in the Spanish energy sector and I look forward to having the opportunity of working with them on further transactions. Our being instructed to advise on this matter highlights WFW’s reputation as one of the leading law firms advising on renewable energy portfolio financings in Spain and beyond.”

Araoz & Rueda advised Taaleri Energía on the drafting and negotiation of the EPC and OM contracts with a team led by partner Francisco Solchaga. along with associate Carlota Clemente.