Noy Infrastructure & Energy Investment Fund (Noy Fund) has secured a project financing of the 169 MW Olmedilla photovoltaic plant. Watson Farley & Williams (WFW) has advised Noy Fund on the financing as well as on all the project agreements, including, among others, the Engineering, Procurement and Construction (EPC), Operation & Maintenance (O&M), and the Management Services agreements.
The Olmedilla plant, located in the Spanish province of Cuenca, is currently under development and is expected to become operational by 2022.
Bankia, S.A. and Banco de Sabadell, S.A acted as financing entities for the EUR71.5 million (US$86.95 million) structured loan granted to Olmedilla Hive, S.L, the SPV managed by Noy Fund. plant, on which WFW also advised. The acquisition was Noy Fund’s first investment in Spain.
Country updates
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January 25, 2021
Iberdrola, Danone sign PPA for 590 MW Francisco Pizarro solar PV project in Extremadura
Iberdrola and Danone have signed a long-term Power Purchase Agreement (PPA), which will drive the development of Europe's biggest photovoltaic plant. The agreement reached will guarantee the long-ter...
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January 22, 2021
Elecnor to build 74 MW of Spanish wind projects
The Spanish group for infrastructures, energy, services and telecommunications Elecnor is building 5 wind farms in Galicia for EUR64.3 million (US$77.9 million). Elecnor will also be in charge of main...
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January 22, 2021
Iberdrola signs PPA for 590 MW solar PV project in Spain
Iberdrola and Danone have joined forces in their sustainability commitments with the signing of a long-term 10 year Power Purchase Agreement (PPA), which will drive the development of Europe's biggest...
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January 21, 2021
Enel Green Power connects 86 MW La Vega solar farm complex in Malaga
Enel Green Power, through its renewable energy arm Enel Green Power España (EGPE), has completed the construction of the photovoltaic plants of La Vega I and La Vega II, located in the municipa...
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January 13, 2021
Encavis connects 300 MW Solar PV project in Spain
Encavis AG has completed the 300 MW Talayuela solar project with a generation capacity of around 300 megawatts (MWp). The solar project spans 520 hectares of land in Caceres, in the western region of...
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