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Watson Farley & Williams (“WFW”) has advised IKAV on a €65m pre-construction financing for a 767 MW portfolio comprising twelve wind farms and seven solar photovoltaic plants currently under development in Aragón, Spain, granted to Forestalia for the required investment costs and equipment supply.

Forestalia is a renewable energy developer focussed on promoting both Spain’s energy transition and job creation and local development in rural areas. It specialises in building and operating renewable energy projects including wind, photovoltaic and biomass.

IKAV is an international asset management group headquartered in Hamburg with offices in Germany, Luxembourg, Italy, Spain, Portugal, France and the US. It provides institutional investors with investment solutions spanning a broad range of energy infrastructure assets including PV, CSP, wind, energy efficiency, geothermal and conventional energy.