German bank aids fund 99MW Spanish PV trio for Foresight
- Bayerische Landesbank was advised on the lending deal by law firm Watson Farley & Williams
Munich-based bank Bayerische Landesbank (BayernLB) has actually given project funding for three solar plants in Granada, Spain, with an integrated capacity of almost 99MW.
The bank worked as lending institution for an organized car loan granted to the three special function vehicles (SPVs) that own the plants.
The SPVs are had by Foresight Solar Fund, a detailed entity taken care of by Foresight Group.
Law firm Watson Farley & Williams suggested BayernLB.
The WFW group was led by partner Rodrigo Berasategui, functioning very closely with senior associate Antonio Caneva as well as Associate Sara Estradera.
Berasategui said: "We are delighted to have advised long-standing company client BayernLB on this portfolio funding.
" Our function in this transaction underpins WFW's standing as one of the leading legal consultants for finance work in the renewable energy space in Europe as well as, specifically, in the Spanish market."