Caisse de dépôt et Placement du Québec’s Acquisition Of A 216 MW Photovoltaic Portfolio

Watson Farley & Williams has advised Caisse de dépôt et placement du Québec on the deal.

CDPQ acquired from Q-Energy of a large-scale photovoltaic (“PV”) portfolio, with a total capacity of c. 216 MW located in several Spanish regions.

The portfolio comprises 73 plants which produce over 355,000 MWh annually, representing enough clean electricity to supply more than 115,000 households. The transaction was made via the acquisition of the portfolio companies owning the plants and represents CDPQ’s first energy and infrastructure equity investment in Spain.

CDPQ is a long-term institutional investor that manages funds primarily for public and parapublic pension and insurance plans, with CA$333 billion in net assets. As one of Canada’s leading institutional fund managers, CDPQ invests globally in major financial markets, private equity, infrastructure, real estate and private debt.

The WFW Madrid Energy team advising CDPQ was led by Corporate Partner and Office Head María Pilar García Guijarro (Picture), working closely with Senior Associate Javier Ruffin and Associate Enrique Thomas de Carranza, from the Corporate department, and with Senior Associate Lidia Fernández from the Regulatory department, among others.

Involved fees earner: Enrique Thomas de Carranza – Watson Farley & Williams; Lidia Fernandez Jimenez – Watson Farley & Williams; María Pilar García Guijarro – Watson Farley & Williams; Javier Ruffin – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Caisse de dépôt et placement du Québec (CDPQ);