Law firm WFW suggests on financing for 50-MW Spanish solar plant

Aug 16, 2021 05:22 PM ET
  • London-based law firm Watson Farley as well as Williams (WFW) said on Friday it has suggested on the funding of the recently ushered in 50-MW Huelva 2021 solar (PV) plant in Andalusia, Spain.

The WFW Madrid finance team encouraged Banco Sabadell, which served as lender for the structured finance supplied to the special purpose vehicle (SPV) that owns the plant.

The SPV is managed by Bruc Alter Energias Renovables, a joint venture (JV) between Bruc Energy, an investment vehicle of Spanish fund supervisor Bruc Administration, and solar PV specialist Alter Enersun. Huelva 2021 is the initial of 12 projects included in the business' arrangement from late 2020 to form a JV to promote 550 MW of solar power in the Spanish regions of Andalusia as well as Extremadura.

WFW was also legal advisor to Bruc on the funding of the procurement of the project's sister plant-- Huelva 2020.

Bruc has a PV portfolio of 5,000 MW in operation, unfinished and growth.