Elawan Energy has secured a EUR92 million (US$108.9 million) loan for the project financing of its 250 MW Campanarios photovoltaic portfolio in Spain.
Watson Farley & Williams (WFW) has advised Elawan Energy. The potfolio is comprised of five Spanish plants currently under construction with a 50 MW nominal capacity, located in Spain’s Albacete region. The transaction closed on 3 November 2020, with the plants to be operational by Q4 2021.
Banco Sabadell, S.A., Bankia, S.A., Abanca Corporación Bancaria, S.A. y Banco Pichincha España, S.A. (advised by Cuatrecasas) acted as financing entities for the structured loans granted to the special purpose vehicles (SPVs) that own each plant, themselves all owned by Elawan Energy.
Country updates
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November 20, 2020
Statkraft signs agreement to Solarcentury buyout
Statkraft has signed an agreement for the acquisition of 100 percent of the shares in Solarcentury Holdings and its subsidiaries. The main shareholders were previously Scottish Equity Partners, Vantag...
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November 18, 2020
Bayer and Iberdrola sign PPA for Europe's largest photovoltaic plant in Spain
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November 13, 2020
RWE finalizes purchase of 2.7 GW European wind and solar portfolio
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November 11, 2020
Eiffage secures EPC contract for 250 MW Campanario solar project development
Eiffage SA has been awarded the engineering, procurement, and construction (EPC) contract for the development of a 250 MW Campanario solar photovoltaic facility located in Bonete, Albac...
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November 05, 2020
BayWa divests 41.7 MW Tordesillas solar project
BayWa r.e. has sold its Tordesillas solar farm in central Spain to Commerz Real, a German investment company. The 41.7 MWp solar park has a 10-year PPA in place with Statkraft which was signed earlie...
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