Clifford Chance has advised a banking consortium comprising Deutsche Bank AG and European Investment Bank on the financing of a solar park in Spain.
The solar park is being developed and operated by the Hamburg-based energy park operator Encavis AG and the project developer Solarcentury – the global integrated solar power company (headquartered in the UK). The financing provided by European Investment Bank is supported by the European Fund for Strategic Investments (EFSI), the main pillar of the Investment Plan for Europe, also known as the Juncker Plan.
The solar park is located in the municipality of Talayuela, in the autonomous region of Extremadura in Spain. With a generation capacity of around 300 megawatts, the plant is one of the largest solar parks in Europe. The plant is scheduled to be connected to the power grid towards the second half of 2020.
The international Clifford Chance team comprised partner Christof Häfner (Picture – Banking & Finance, Frankfurt), partner José Guardo (Banking & Finance, Madrid), senior associate Dominik Kepinski (Banking & Finance, Perth), associate Sarah Katharina Winter (Banking & Finance, Frankfurt), lawyers Marta Ruiz and Álvaro Cabaleiro (all Banking & Finance, Madrid), transaction lawyer Sonja Lukner as well as legal support assistants Antonia Kipry and Cornelia Lambert (all Banking & Finance, Frankfurt).
Involved fees earner: José Guardo – Clifford Chance; Christof Häfner – Clifford Chance; Dominik Kepinski – Clifford Chance; Sonja Lukner – Clifford Chance; Marta Ruíz – Clifford Chance; Sarah Katharina Winter – Clifford Chance;
Law Firms: Clifford Chance;