BBVA Backs Mexican Wind Farm with Cesce-Backed Financing
Deal News | Jun 11, 2025 | Iberian Lawyer
In a notable transaction highlighting the growing emphasis on renewable energy, Clifford Chance, an esteemed international law firm, has advised BBVA on a financing agreement backed by Cesce. The deal involves a substantial amount of approximately 25 million aimed at supporting the Mexican company, Elica Huimilpan, controlled by Spanish entity Elawan Energy. The funds will facilitate the construction and development of a new 30 MW wind farm located in the state of Querétaro, Mexico. Leading the operation on behalf of Clifford Chance was Global Financial Markets partner José Guardo, supported by senior associate Antonio Sánchez-Cirujano and associate Mariana Ceballos. Paralegal Marta del Barrio also contributed to the project, emphasizing the firm's commitment to promoting sustainable energy initiatives.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- Mexico – The wind farm is being constructed in Querétaro, Mexico, making it a key geographical focus of the article.
- Spain – Elawan Energy, the entity controlling the project company Elica Huimilpan, is based in Spain.
Industry
- Renewable Energy – The article involves the financing and development of a wind farm, which is a significant part of the renewable energy sector.
- Financial Services – BBVA, a major financial institution, is providing the necessary funding for this renewable energy project, illustrating their role in financial services.
- Legal Services – Clifford Chance is a legal advisory firm involved in the legal aspects of the financing deal for the wind farm project.
Financials
- 25000000 – Approximate amount of Cesce-backed financing provided for the wind farm project.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Clifford Chance | Legal Advisor | Company | An international law firm advising BBVA on the financing agreement. |
| BBVA | Financing Institution | Company | A major financial institution providing funding for the wind farm project. |
| Elica Huimilpan | Project Company | Company | A Mexican company that is the recipient of the financing for the wind farm. |
| Elawan Energy | Parent Company | Company | A Spanish entity that controls Elica Huimilpan. |
| José Guardo | Global Financial Markets Partner | People | Partner at Clifford Chance leading the legal team for this operation. |
| Antonio Sánchez-Cirujano | Senior Associate | People | Senior associate at Clifford Chance involved in the transaction. |
| Mariana Ceballos | Associate | People | Associate at Clifford Chance supporting the legal team. |
| Marta del Barrio | Paralegal | People | Paralegal at Clifford Chance contributing to the legal work of the project. |