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Thursday, April 18, 2024

Montero Aramburu advises funds on energy projects in Spain

Montero Aramburu Abogados has advised the fund Elite Alfred Berg and its long-term renewable energy partner Recap Energy on the agreement with Exiom Solution to develop 69MW EPC solar energy projects in Spain

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As part of a deal reached with Elite Alfred Berg, Exiom Solution will participate in the development and construction of solar parks in the southeast of Spain, as well as the production of the solar modules. The fund is investing in the project together with its long-term renewable energy partner Recap Energy.

The construction of the first power plants is planned to start in March and to enter into operation by the end of this year. The combined annual production will reach 100 GWh, the consumption of approximately 20,000 people in Spain, and will reduce the emission of 30,000 tonnes of CO2.

Omar Gonzalez, CEO of Exiom Solution, said: “We are establishing an important strategic alliance with a top-level European investor group, which is a further step in our strategy as a developer.”

Montero Aramburu Energy & Commercial team was led by Corporate/Commercial partner Miguel Cuesta along with his team made up of associate Rebeca Cuesta and lawyer Félix Madero. From the Administrative & Regulatory side, the team was supported by associate Joaquín Amaya Rodríguez-Pantoja and lawyer Pilar García González.

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