WFW advises Rabobank and BNPP on €146.6m green financing to Zelestra
Watson Farley & Williams has advised Rabobank and BNP Paribas, as mandated lead arrangers and lenders, on a €146.6m green financing to Zelestra for the construction of six solar PV plants with an aggregated capacity of 237 MW located in Castilla-La Mancha, Spain. The projects will all be operational in 2026.
Zelestra is a global, multi-technology, customer-focussed renewable energy company. The company specialises in the development, commercialisation, construction and operation of large-scale renewable energy projects. Zelestra is backed by EQT, one of the world’s largest funds, with more than €273bn AUM.
The firms Banking & Finance Madrid team that advised the banks was led by partner Rodrigo Berasategui, working closely with senior associates Laura Fontán and Antón Ramil and associate Diana Palazón.
Rodrigo commented: “Large-scale green financings like this one are crucial for channelling capital into renewable energy projects and accelerating Spain’s decarbonisation process”.
