Dentons advises ING Bank on Eólica Cascante wind farm financing
Deal News | Feb 26, 2025 | Iberian Lawyer
Dentons has successfully advised ING Bank on the financing of the notable Elica Cascante wind farm, an onshore venture located in Navarra, Spain. Developed by Exus Management Renewables, a portfolio company of Partners Group, this project represents a significant advance in Spain's renewable energy industry. Designed to generate 51.2 MW through eight state-of-the-art V162 wind turbines, the project is a testament to innovative strides in wind energy. ING Bank N.V. structured the financing as a multi-tranche senior secured facility, with Dentons ensuring compliance with Spanish law and managing cross-border legal documentation. The legal advisory team was led by Dentons' Finance partner Luis Belart and Energy partner Fermín Garbayo, with the support of a team of associates.
Sectors
- Renewable Energy
- Financial Services
- Legal Services
Geography
- Spain – The wind farm project is located in Navarra, Spain, indicating its geographical focus.
- Netherlands – ING Bank is based in the Netherlands, highlighting its involvement in the transaction.
Industry
- Renewable Energy – The article focuses on the development of a wind farm, which is a significant element of the renewable energy sector.
- Financial Services – The financing of the wind farm is a crucial part of the article, involving ING Bank, which is a key player in financial services.
- Legal Services – Dentons' role in providing legal advice highlights the importance of legal services in this transaction.
Financials
- 51.2 MW – The capacity of the wind farm being financed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Dentons | Legal Advisor | Company | An international law firm providing legal services, especially in finance and energy sectors. |
| ING Bank N.V. | Financier | Company | A prominent bank providing financial services and structuring the financing for the wind farm. |
| Exus Management Renewables | Developer | Company | A company specializing in renewable energy projects and developing the Elica Cascante project. |
| Partners Group | Sponsor through portfolio company | Company | An investment firm which owns Exus Management Renewables, thereby indirectly sponsoring the project. |
| Luis Belart | Finance Partner | Person | Led the finance team's efforts in advising ING Bank for the project. |
| Fermn Garbayo | Energy Partner | Person | Co-led the energy aspect of the advisory for the project. |