spot_img
Wednesday, April 17, 2024

RyC advises Arena Power on PV project portfolio sale

Ramón y Cajal Abogados has advised Arena Power on the sale of a 268 MW PV portfolio consisting of 14 projects located in Andalucía, Extremadura and Aragón

-

Spanish developer Arena has sold a portfolio of PV projects at different stages of development to a non-disclosed international buyer.

The projects total 268 MW and are located in Andalusia, Extremadura and Aragon. Specifically, there are 14 projects, located in Seville, Huelva, Cordoba, Malaga, Granada, Badajoz and Teruel. Construction of the first projects is scheduled for 2023, and the entire portfolio is expected to be fully operational by 2025.

Arena has developed and sold more than 600 MW in 2021 – in that year it sold 519 MW to Endesa in Huelva and, months later, another three solar projects totalling 48 MW, also to Endesa. The company currently has a photovoltaic and wind portfolio of around 8 GW in Spain, in addition to 2 GW of green hydrogen projects.

For this transaction, Arena Power was advised by ATA Renewables (technical), Ramón y Cajal (legal) and Voltiq (financial).

The transaction was led by Commercial Contracts partners and Energy sector experts Antonio de Mariano and Javier Beltrán Yturriaga, in collaboration with the Tax team, led by partner Alberto Heras Oliver.

- Advertisement -spot_img
- Advertisement -spot_img

MOST READ NEWS

Pérez-Llorca, HSF advise o Peninsula Capital´s acquisition of Clínicas Dorsia

London-based Peninsula Capital has acquired a majority stake in WM Clinics, the company that owns the Dorsia, Eva and Origen brands specialising in aesthetic...

Uría Menéndez promotes five to partner

Uría has started 2023 appointing five partners: Daniel Cerrutti Buendía, Iván Abad Lloria, Luis Gómez-Iglesias Rosón, and Martin Jordano Luna in the firm´s Madrid...

PLL counsels Santander Consumer on DBRS Morningstar and Moody’s credit note issuance

DBRS Ratings GmbH (DBRS Morningstar) assigned provisional credit ratings to the following classes of notes to be issued by Santander Consumer Spain Auto 2023-1...
spot_img
spot_img
spot_img
spot_img
- Advertisement -spot_img
error: