WFW advises lenders on big ticket €410m German solar portfolio financing
This is one of the largest solar portfolio development financings in Germany to date.
This is one of the largest solar portfolio development financings in Germany to date.
The portfolio comprises twelve wind farms and seven solar photovoltaic plants.
Photosol intends for this inaugural investment to be the first of many in the Italian market.
The administrative judge accepted WFW’s defending arguments.
The transaction involved a financing structure based on a power purchase agreement and is one of few brownfield refinancings to successfully complete to date in Spain.
Under the agreement, all the renewable energy produced by Goethe Energy’s hydroelectric plants in Italy will be purchased by GDE.
The financing structure covers the first 540 MW of projects in the portfolio, and includes fully committed senior debt facilities and an equity bridge loan.
WFW has been advising the sellers for several years on project development, land rights acquisition and corporate matters.
Terres d’Energie Développement is a platform dedicated to the development of solar and wind projects in France.
The transaction marks a key step in PSL’s aim to reach 5 GW of renewable capacity across Europe by 2026.
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