Watson Farley & Williams advised Everwood Capital on the deal.
The transaction involved the €25m financing granted by Liberbank for the 50 MW Cartuja photovoltaic (“PV”) plant, currently under construction. The transaction closed on 31 December.
The photovoltaic plant, developed by Abei Energy, is located in Cadiz, Spain, and will be operational in 2021. It is Everwood’s second merchant plant, with the financing representing a leverage of 62% on the project.
Everwood is a Spanish investment fund manager and leader in new PV merchant plant construction. It currently manages several funds, including a fourth of €300m+, and is raising capital for its fifth fund with an objective of €500m.
The WFW Madrid Finance team advising Everwood was led by Partner Jose Maria Anarte (Picture), working closely with Senior Associate Jacobo Hermidas.
Law Firms: Watson Farley & Williams;
Clients: Everwood Capital, S.G.E.I.C., S.A.;