Cuatrecasas advises Banco Sabadell and other banks on financing granted to Elawan Energy for five photovoltaic plants

Cuatrecasas advises Banco Sabadell and other banks on financing granted to Elawan Energy for five photovoltaic plants
Cuatrecasas advises Banco Sabadell and other banks on financing granted to Elawan Energy for five photovoltaic plants
November 17, 2020

Cuatrecasas has advised a bank syndicate on financing granted to five companies in the Elawan Energy Group for a project to build, implement and operate five photovoltaic plants in Bonete and Higueruela (Spain’s Albacete region).

The plants, with a total capacity of 250 MW, have independently structured loans totaling approximately €92 million, granted by Banco Sabadell, Bankia, Abanca Corporación Bancaria and Banco Pichincha Spain to the special purpose vehicles that own each plant, themselves all owned by Elawan Energy. Plant startup is scheduled for next summer.

Cuatrecasas partner Rafael Mínguez and lawyer David Vidal led the advisory team.

November 17, 2020