Squire Patton Boggs advised EDF Trading on the deal.
The wholesale energy market trading division of the EDF Group, EDF Trading, completed a 10-year fixed-price Power Purchase Agreement (PPA) with Fotovoltaica Guzmán, S.L., a wholly-owned subsidiary of the Foresight Group.
The PV plant comprises 150,000 solar panels and will generate around 85GWh every year, making a significant contribution to Spain’s emissions targets.
EDF Trading, EDF Group’s energy trading arm, operates across all energy commodities and manages assets along the entire value chain from production, shipping and transportation to storage and supply.
Fotovoltaica Guzmán is the project company of the Foresight Group developing the 50MWp solar PV plant in Puebla de Guzman (Huelva), south-west Spain. The PPA is secured against power generated by the 50 MWp Guzman solar PV plant of Foresight.
The SPB team advising EDF Trading was led by partner Manuel Mingot (Picture) and associates Alberto París and Antón Ramil.
Law Firms: Squire Patton Boggs;
Clients: EDF Trading;