Galp Energia SGPS S.A.’s PPAs With X-Elio

Baker Botts represented Galp Energia SGPS S.A.

Baker Botts has advised Galp Energia SGPS S.A. (Galp), a Portuguese energy conglomerate, on a long-term framework agreement with X-Elio, a Spanish-based solar developer and operator, to enter into several synthetic power purchase agreements.

Galp and X-Elio will enter into a number of synthetic power purchase agreements covering a notional annual supply quantity of 358 GWh per year for a 12-year period.

All the projects are currently under development and the energy generated will be progressively allocated to Galp’s commercial activities from June 2020 onwards.

The transaction was led by London based Energy partner, James Douglass (Picture) and associate, George Salter who both worked alongside Galp’s Group General Counsel, Rui de Oliveira Neves, as well as Miguel Gil, Ana Machado and Gisela Morgado de Andrade.

Involved fees earner: James Douglass – Baker Botts; George Salter – Baker Botts;

Law Firms: Baker Botts;

Clients: Galp Energia;