WFW advises on €383.5m Monegros portfolio green refinancing
Watson Farley & Williams has advised Copenhagen Infrastructure Partners (“CIP”) and Arjun Infrastructure Partners (“Arjun”) on a €383.5m green loan granted for the refinancing of their Monegros portfolio, comprising 12 operational wind farms with a total aggregate capacity of 487 MW located in Aragon, Spain. The lenders are a banking syndicate consisting of ABN, BBVA, BNP, Rabobank, Caixabank, Sabadell and Bankinter.
CIP is the world’s largest fund manager dedicated to investing in greenfield renewable energy projects. Its funds focus on investments in offshore and onshore wind – of which it is a world leader – solar photovoltaics, biomass and energy from waste, transmission and distribution, spare capacity, storage, advanced bioenergy and Power-to-X. CIP currently manages 12 funds and has raised approximately €29bn to date from more than 160 international institutional investors for energy and associated infrastructure investments.
Arjun Infrastructure Partners is an independent asset management firm dedicated to identifying, executing, and managing mid-market infrastructure investments. Founded in 2015, Arjun currently manages €5.7+bn capital on behalf of leading institutional investors, including through its Infrastructure Alliance Europe fund. It invests in real infrastructure assets across sectors, including wind and solar farms, energy distribution, water, rail and digital fibre. Monegros became part of Arjun’s portfolio in 2021.
The WFW Madrid Finance team that advised CIP and Arjun was led by partner Jose María Anarte, supported by senior associate Jacobo Hermidas (both pictured) and associates María Heredero and Sara Estradera. Partner David Díez and senior associate Lidia Fernández provided regulatory advice, with senior associate Javier Ruffín and associate Julia Valiente advising on corporate matters. Tax expertise was provided by partner Luis Soto and senior associate Javier Gabiña. Financial Markets & Products partner Rob McBride and associate Kristina Buckberry offered English law advice.
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