WFW and Pinsent Masons advise on DWS purchase of three solar plants from X – ELIO
WFW and Pinsent Masons have advised on the purchase of a 147 MW portfolio of three solar photovoltaic plants located in the municipality of Medina de las Torres, Badajoz. The buyer has been the asset manager DWS, and the seller, the company specialized in the development, construction, financing and operation of renewable energy projects X – ELIO, owned by Brookfield.
DWS has reached an agreement with global renewable energy developer X-ELIO to acquire three solar PV plants in Spain on behalf of its European infrastructure investment strategy. This represents additional investments for DWS’s European investment strategy, which allows German retail and institutional investors to invest directly in infrastructure projects.
The three projects, located in the municipality of Medina de las Torres, Badajoz, came on stream in mid-2023 and have a total capacity of 147 MW. The three plants will generate an estimated average supply of renewable energy to the equivalent of 91,800 homes per year.
Watson Farley and Williams Corporate team has advised DWS led by Partner and Madrid office head María Pilar García Guijarro, working closely with senior associate Javier Ruffin (pictured left and middle, respectively) and associate Pablo Manchado. They were supported by regulatory partner David Diez, senior associate Alejandro Martínez and Associate Paula Pérez.
Pinsent Masons has advised X- ELIO, with its Energy team, led by partner Borja Martín Ariza (pictured right) together with associate Pablo Galera Béjar and associate Álvaro Márquez Muriel.
