WFW advises CaixaBank and Sabadell on X-Elio project financing

Watson Farley & Williams (WFW) advised CaixaBank and Banco Sabadell on the project financing of a 471.96 MW photovoltaic portfolio developed by X-Elio in several Spanish autonomous communities.

The WFW team was led by partner Rodrigo Berasategui (pictured).

The deal was valued at €203 million.

According to WFW, the portfolio will benefit from 405 MW of the “special retribution regime capacity awarded to the sponsor under the second Spanish renewable auction”.