Clifford Chance has advised Cobra Group on the sale of 100% of Project Mula, a 493.655 MWp PV plant located in the region of Mula, Murcia (Spain), to Northleaf-managed funds and the drafting and negotiation of the engineering, procurement, construction contractual scheme.
Once operational in June 2019, Mula will be the largest unsubsidised PV plant in Europe. Its MW capacity was part of that awarded to the PV sector in the Spanish government’s third renewables auction.
Northleaf Capital Partners is an independent employee-owned global private markets investor with US$10bn+ under management on behalf of public, corporate and multi-employer pension funds, endowments, foundations, financial institutions and family offices.
Clifford Chance advised Cobra Group on the sale of 100% of Project Mula, the team was led by José Guardo, head of the Spanish Baking and Finance practice area, and by M&A partner Samir Azzouzi, with support from associates Eduardo Sánchez, Marta Martínez and José Manuel Llanos.
Watson Farley & Williams advised Northleaf on both the acquisition and its financing provided by a syndicate of banks comprising Banco Sabadell, Bankia and BNP Paribas.
Partner María Pilar García Guijarro led the WFW team.
Involved fees earner: Samir Azzouzi – Clifford Chance; José Guardo – Clifford Chance; José Manuel Llanos – Clifford Chance; Eduardo Sánchez – Clifford Chance; Marta Martínez – Vouga Abogados; María Pilar García Guijarro – Watson Farley & Williams;