This deal means making TRIG a minority partner in Repsol’s largest solar asset in Spain.
Through the transaction, closed for EUR 117 million, TRIG becomes a minority shareholder of Valdesolar, Repsol’s largest solar platform in Spain with an installed capacity of 264 megawatts (MW), which will be fully operational from the third quarter of 2021. It is also the second renewable asset rotation deal that Repsol has completed since November last year, in which it was also advised by Latham & Watkins.
Latham & Watkins has advised Repsol, the Spanish energy and petrochemicals multinational, on the sale of 49% of the Valdesolar photovoltaic project located in the province of Badajoz to The Renewables Infrastructure Group (TRIG), an international investment company managed by InfraRed Capital Partners
The Latham & Watkins team in Madrid in charge of this advice has been led by Corporate partner María José Descalzo, along with Corporate partner Ignacio Pallarés and associate Lucía de Bustos, and Public Law counsel José María Alonso.