Watson Farley & Williams Advised Encavis On €135m Financing For Acquisition Of 199 MW Aragón Portfolio

Watson Farley & Williams advised Encavis on €135m financing for acquisition of 199 MW Aragón portfolio

Watson Farley & Williams (“WFW”) advised Encavis on the €135m project financing regarding its acquisition of the Aragón portfolio, on which WFW also advised. Located in northern Spain, the 199 MW Aragón portfolio comprises three wind farms with a combined output of approximately 142 MW and two photovoltaic (PV) plants totalling 57 MW.

Encavis is one of Europe’s leading producers of electricity from renewable energy. It operates a diversified portfolio of onshore wind farms, ground-mounted solar parks and battery storage systems across 13 European countries, including Germany, Italy, Spain, Denmark and the Netherlands.

Sven said, “We are delighted to continue our long-standing relationship with Encavis. Following on from our Madrid team advising them on the acquisition of the Aragón portfolio, we have now represented the company in the due diligence and negotiation of its project financing. This ongoing collaboration demonstrates our shared commitment across WFW’s international network to deliver for our clients on complex renewable energy projects”.

The Watson Farley & Williams team was led by Hamburg Project & Structured Finance Sven Fretthold (Partner), and WFW Global Energy Sector Head – Europe & Americas and Madrid Corporate María Pilar García Guijarro (Partner). They were supported by Antonio Cáneva (Senior Associate), Javier Ruffín (Senior Associate), Pilar Rozas (Senior Associate), in Marid and Finja Schmale (Associate) in Hamburg.

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