Cubico Sustainable Investments’ EUR417 Million Solar Thermal Plants Project Refinancing


Clifford Chance advised Banco Santander, Bankinter, Credit Agricole Corporate and Investment Bank, Export Development Canada, Société Générale and BNP Paribas on the deal.

The banks refinanced operation for a total amount of EUR417,119,230 of the project debt of two solar thermal plants with a capacity of 50 MW each, located in Granada (Spain) owned by Andasol-1 Central Termosolar Uno, S.L. and Andasol-2 Central Termosolar Dos, S.L., which were acquired on 2017 by the Cubico Sustainable Investments Limited group.

The Clifford Chance core team consisted of Madrid Project (Picture) lawyers Eugenio Fernández-Rico, Álvaro Cabaleiro, Alejandro Cubillo and José Guardo, who were assisted by Mónica Romero and Jose Luis Zamarro from the Regulatory department and Ángel Muñoz as derivatives expert.

Involved fees earner: Eugenio Fernández-Rico – Clifford Chance; José Guardo – Clifford Chance; Ángel Muñoz – Clifford Chance; José Luis Zamarro – Clifford Chance;

Law Firms: Clifford Chance;

Clients: Banco Santander Sa; Bankinter (Banco Intercontinental Español); BNP Paribas; Crédit Agricole Corporate and Investment Bank; Export Development Canada; Société Générale;