Watson Farley & Williams is delighted to launch episode five of our ‘Countdown to COP: Financing and Fuelling the Future’ podcast series. This week, Mhairi is joined by Madrid Partner Rodrigo Berasategui, who has more than 20 years’ experience advising on a broad range of renewables transactions, to discuss the sector at the heart of the drive toward net zero.
Listen to our Renewables episode on Apple or Spotify and access the transcript here.
There is undoubtably a healthy pipeline of projects in the sector and strong support to finance them, not only through traditional financings but also from export credit agencies and institutional financings such as Banco Santander’s recent €1bn ECA backed green loan to Iberdrola and Citi’s €500m ECA-backed green loan for Iberdola. There has also been an increase in the use of new financing models such as project bonds and even crowdfunding.
Of course, challenges remain. There is a need to upgrade and build new interconnections and introduce cross-border regulations and cooperation around connectivity. Technological developments are also critical, particularly in relation to storage. However, the future seems bright for renewables and its role in achieving net zero.
Rodrigo is a Partner in the Finance Group who regularly advises on renewable energy transactions, including wind, solar (thermosolar and photovoltaic) and biomass, as well as all types of infrastructure.
To discuss any aspect of this episode further, please do reach out to Mhairi Main Garcia, Rodrigo Berasategui or your usual WFW contact. And to sign up to receive all forthcoming episodes of this podcast series, please click here.
