Cuatrecasas Advises Santander, CaixaBank, and BBVA on Acciona's Peru Projects
Deal News | Feb 04, 2025 | Iberian Lawyer
Cuatrecasas has successfully guided Banco Santander, CaixaBank, and BBVA in two pivotal project finance operations for Acciona Group's Peruvian concessionaire companies. These transactions are integral to constructing power transmission lines across Peru, fostering enhanced electricity delivery. The first deal involves funding from Santander and CaixaBank for Concesionaria Transmisora Hub Poroma, aiming to establish 386 kilometers of lines and numerous substations. Additionally, BBVA has facilitated financing for various transmission projects through Concesionaria Transmisora Reque Tumbes and Ica Poroma. These ventures mark strategic progress in bringing renewable energy to millions across Peru, combining Spanish and Peruvian legal elements to navigate the complexity of these cross-border operations.
Sectors
- Project Finance
- Energy and Infrastructure
- Legal Advisory
Geography
- Peru – The construction projects are happening in Peru, where the power transmission lines are being established.
- Spain – The legal and financial advisory services are being coordinated by Spanish firms and involve Spanish law, illustrating the cross-border nature of the transactions.
Industry
- Project Finance – The article focuses on the financing of infrastructure projects, which is a key aspect of the project finance industry.
- Energy and Infrastructure – The projects involve the construction of power transmission lines, directly related to the energy and infrastructure industry.
- Legal Advisory – Cuatrecasas provided legal advisory services for these multinational project finance transactions.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Cuatrecasas | Legal Advisor | Company | Provided legal advisory services for the project finance transactions. |
| Banco Santander | Financier | Company | One of the banks providing financing for Acciona's projects. |
| CaixaBank | Financier | Company | One of the banks providing financing for Acciona's projects. |
| BBVA | Financier | Company | One of the banks providing financing for Acciona's projects. |
| Acciona Group | Target | Company | The company obtaining financing for its transmission line construction projects in Peru. |
| Concesionaria Transmisora Hub Poroma | Concessionaire | Company | Receives financing for constructing 386 kilometers of transmission lines in Peru. |
| Concesionaria Transmisora Reque Tumbes | Concessionaire | Company | Receives financing for developing power transmission projects in Peru. |
| Concesionaria Transmisora Ica Poroma | Concessionaire | Company | Receives financing for multiple power transmission projects in Peru. |