14 January 2021
Clifford Chance advised on the refinancing of the project debt of two solar thermal plants acquired by Cubico Sustainable Investments
Clifford Chance advised Banco Santander, Bankinter, Credit Agricole Corporate and Investment Bank, Export Development Canada, Société Générale and BNP Paribas on the refinancing operation for a total amount of EUR417,119,230 of the project debt of two solar thermal plants with a capacity of 50 MW each, located in Granada (Spain) owned by Andasol-1 Central Termosolar Uno, S.L. and Andasol-2 Central Termosolar Dos, S.L., which were acquired on 2017 by the Cubico Sustainable Investments Limited group.
The Clifford Chance core team consisted of Madrid Project lawyers Eugenio Fernández-Rico, Álvaro Cabaleiro, Alejandro Cubillo and José Guardo, who were assisted by Mónica Romero and Jose Luis Zamarro from the Regulatory department and Ángel Muñoz as derivatives expert.