Amarenco’s Acquisition of Hanwha’s 49.94MWp Solar PV Plant

Gómez-Acebo & Pombo advised Hanwha Energy on the deal.

Amarenco Group signed the acquisition of a 49.94MWp Solar PV plant from Hanwha Energy. This is the first expansion by the Irish based Solar IPP into the Spanish market. Amarenco has an ambitious Solar PV plan for both Portugal and Spain.

The 49.94 MWP “Las Naranjillas” solar PV plant, located in Carmona, Seville, has an area of 137 hectares covered by 121,800 photovoltaic modules and will produce enough energy to meet the electricity demand of 13,997 homes. In addition, 51,977 tonnes of CO2 will be removed from the atmosphere, which is equivalent to the consumption of 10,192 vehicles. The construction of the solar PV plant created 180 jobs.

Established in 2007, Hanwha Energy is a comprehensive energy solutions company. Hanwha Energy specializes in comprehensive energy solutions that produce high-quality electricity and steam

Gómez-Acebo & Pombo’s team advising Hanwha was led by Corporate counsel David Riopérez, and included partner head of the Energy group Verónica Romaní (Picture) and lawyer Diego Martínez Colino.

Involved fees earner: Diego Martínez Colino – Gomez-Acebo & Pombo; David Riopérez Gallegos – Gomez-Acebo & Pombo; Verónica Romaní Sancho – Gomez-Acebo & Pombo;

Law Firms: Gomez-Acebo & Pombo;

Clients: Hanwha Energy Corporation;