Published: 10 July 2020 10 July 2020
Watson Farley & Williams (WFW) has advised Copenhagen Infrastructure Partners (CIP) on the € 380 million financing of the Monegros portfolio, with a total capacity of 487MW consisting of twelve wind farms located in Aragon, Spain.
The transaction closed on 3 July 2020 and involved ABN Amro, Bankia, Bankinter, BBVA, Banco Sabadell and Unicredit as financial entities.
Additionally, WFW has advised CIP on the structuring, negotiation and signing of a long-term clean power purchase agreement (PPA). The PPA, which closed at the beginning of 2020, represents the supply of 12 TWhs of renewable electricity over the next 10 years. The wind farms, which are under construction, will be connected to the grid over the next 12 months.