Watson Farley & Williams (“WFW”) advised Northleaf Capital Partners (“Northleaf”) and Qualitas Energy on the sale of the 494 MW Mula Spanish PV plant to China Three Gorges Spain. Mula is one of the largest operational solar PV plants in Europe and benefits from a highly contracted financial profile courtesy of a long-term power purchase agreement.
Northleaf is a leading global private markets investment firm with US$28bn+ in capital commitments and a successful long-term track record as a mid-market investor.
Qualitas Energy is a leading investment and management platform focussed on renewable energy, energy transition and sustainable infrastructure investment.
China Three Gorges Spain, a subsidiary of CTG Europe and part of China Three Gorges Corporation, is the world’s largest developer and operator of hydroelectric power and China’s leading clean energy group.
The WFW Madrid Corporate team that advised Northleaf and Qualitas Energy was led by Partner and Madrid office Head María Pilar García Guijarro, working closely with Senior Associates Román Pazos and Jaime Salazar, along with Associates Mar Clavijo, Juan Lozano and Jorge Rodríguez. They were supported by Regulatory Senior Associate Pilar Rozas.
María Pilar commented: “I am honoured to have advised Northleaf and Qualitas Energy on the sale of one of Europe’s largest solar plants in Europe. This transaction marks another milestone reinforcing WFW’s leading position in the energy sector and showcasing our expertise advising on high-impact strategic deals”.
