Banco Comercial Português’ €26 Million Galp Spanish PV Plant Financing

Watson Farley & Williams has advised Banco Comercial Português on the deal.

Banco Comercial Português (“Millennium bcp”) financed a 50 MW photovoltaic plant in Zaragoza, Spain. The bank acted as lender for a structured loan granted to the SPV that owns the plant, which is managed by Galp.

Galp is a leading integrated Portuguese energy company that develops profitable and sustainable businesses committed to net zero CO2 emissions by 2050.

The WFW Madrid Finance team that advised Millennium bcp was led by Partner Rodrigo Berasategui (Picture), working closely with Senior Associate Antonio Cáneva and Associate Julia Belmonte.

Involved fees earner: Julia Belmonte – Watson Farley & Williams; Rodrigo Berasategui – Watson Farley & Williams; Antonio Cáneva – Watson Farley & Williams;

Law Firms: Watson Farley & Williams;

Clients: Banco Comercial Português S.A.;

Giulia Di Palma

Author: Giulia Di Palma