Ence's Innovative Biomethane Project Gets BBVA Support
Deal News | Feb 21, 2025 | Iberian Lawyer
Gold Abogados and Ura Menendez have provided legal advice to BBVA and ENCE Group respectively on the financing of the La Galera biomethane project, marking a significant step in Spain's energy transition. The project, owned by ENCE Group, a leader in eucalyptus pulp and renewable biomass energy, utilizes an innovative green project finance scheme. This facility is among the first biomethane production centers in Spain, expected to produce 50GWh. ENCE plans to reorient its production to include organic fertilizers under EU regulation, contributing to decarbonization and energy autonomy. Gold Abogados and Ura Menendez coordinated the financial advisory, ensuring compliance with EU standards and facilitating the project's development.
Sectors
- Renewable Energy
- Legal Advisory
- Banking and Finance
Geography
- Spain – The La Galera biomethane project is located in Spain, reflecting the country's proactive steps in renewable energy production.
Industry
- Renewable Energy – The article discusses the development of a biomethane project by ENCE Group, highlighting advancements in renewable energy infrastructure.
- Legal Advisory – Gold Abogados and Ura Menendez provided legal assistance to BBVA and ENCE Group, respectively, in structuring the green project financing.
- Banking and Finance – BBVA's role in providing the financing for the La Galera project underscores the banking sector's involvement in renewable energy investments.
Financials
- 50GWh – The projected production capacity of the La Galera biomethane facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Gold Abogados | Legal Advisor to BBVA | Company | A law firm advising BBVA on the project finance deal. |
| BBVA | Financier | Company | A banking institution providing financing for the La Galera biomethane project. |
| Ura Menendez | Legal Advisor to Borrowers | Company | A law firm advising ENCE Group on the project financing. |
| ENCE Group | Project Owner | Company | A company leading in renewable energy and the primary owner of the La Galera project. |