Watson Farley & Williams (WFW) has advised NoyFund/Eranovum on the negotiation and execution of two long-term power purchase agreements (PPAs) to supply power to Telecor, a company owned by the El Corte Inglés group.
Founded in 2011, Noy Fund specialises in large-scale energy and infrastructure projects in Israel and around the world, having contributed significantly to the development of project finance in Israel.
Eranovum is a company dedicated to accelerating the transition to a new energy era. Since its creation in 2019, it has managed the development and construction of renewable energy projects in Spain, with a total installed capacity exceeding 400 MW, representing more than €350m of investment, and generating clean energy to power more than 250,000 homes.
The WFW Madrid team advising NoyFund/Eranovum was led by the Madrid office managing partner, María Pilar García Guijarro (pictured), in collaboration with the senior associate, Fernando Santos and the associate, Daniel Schaub.
The team from Cuatrecasas advising El Corte Inglés was formed by the partners, Luis Pérez de Ayala and Miguel Cruz Ropero.