Engie Acquires Majority Stake in Vila Eco Energas

Dentons has played a key role in advising Engie on the acquisition of a majority stake in Vila Eco Energas, a developer of a biomass-powered district heating network located in the city of Vila, Spain. This acquisition is significant for Engie as the project nears completion and is expected to set a standard for renewable heating solutions in urban areas. By utilizing energy from forest biomass, the Vila district heating network aims to significantly reduce carbon emissions and aid in Spain's shift towards sustainable energy. With this acquisition, Engie solidifies its leading role in Spain's heating and cooling sector, building upon its existing projects in major cities like Barcelona, Zaragoza, and Palencia. Dentons provided comprehensive legal guidance across areas such as project finance, regulatory compliance, and environmental law. The transaction was spearheaded by Dentons' M&A Energy partner Fermín Garbayo, with support from various associates and partners from their Madrid office.