WFW advises Eranovum on consolidation of EV charging operation

Watson Farley & Williams has advised Eranovum e-mobility on the development of its electric vehicle recharging network across Spain

pjimage 2021 12 30T102530.429Watson Farley & Williams has advised Eranovum e-mobility on the consolidation of its EV charging operation. This included advising Eranovum on the negotiation of lease agreements for Real Estate assets, the locations where the chargers are installed.

With a €350m clean energy portfolio and a total installed capacity of 500 MW, Eranovum is an investment and management services company active in the renewable energy sector, specialising in developing and operating sustainable energy infrastructures across Europe, with a focus on Spain, Italy and Greece. They are especially committed to developing, building, maintaining and operating a network of electric vehicle charging points linked to Spain’s expanding photovoltaic infrastructure.

David Vallespin, CEO of Eranovum e-mobility, commented on how, “vital it is for the development of electric mobility to have a rational deployment of charging infrastructure linked to a sustainable generation source in order to ensure a true impact on the complete vehicle life-cycle. We are glad to count on WFW to help us in this path to a more sustainable future”.

The WFW Madrid Finance team that advised Eranovum was led by partner Jose María Anarte (pictured left), supported by senior associate Lidia Fernández (pictured top right) and associate Jose Ignacio Esquivias (pictured bottom right).

Jose María Anarte said: “We are pleased to be advising Eranovum on their plans to expand their EV infrastructure assets and help them negotiate the challenges involved in such projects which are key to Spain’s energy transition. That we were instructed on this matter highlights once again WFW’s reputation as a leading law firm advising on the financing of EV infrastructure in Spain”.

Michael Heron