Greencoat Renewables Acquires Andella Wind Farm from Ke-Reninvestment
Deal News | Apr 04, 2025 | Iberian Lawyer
Greencoat Renewables, through its subsidiary GRW1 AH Limited, has finalized the acquisition of the 50 MW Andella wind farm situated in Adalia, Valladolid, from Ke-Reninvestment. The deal signifies a strategic expansion into renewable energy assets in Spain, continuing Greencoat's dedication to sustainable investments across Europe. A bridge loan from Commerzbank was part of the transaction but was settled upon completion with the transfer of the Special Purpose Vehicle (SPV) managing the project. Ke-Reninvestment received advisory services from Ontier, with a legal team led by Pablo Enrile, Paula Rubio for transactional matters, and Esteban Cuys for finance. The acquisition was also supported by legal advice from Cuatrecasas for Greencoat Renewables, showcasing the complex, multi-jurisdictional intricacies involving entities from Ireland and Germany.
Sectors
- Renewable Energy
- Financial Services
- Legal Advisory
Geography
- Spain – The Andella wind farm is located in Adalia, Valladolid, Spain, which is central to the acquisition discussed in the article.
- Ireland – Greencoat Renewables, the acquiring company, is based in Ireland, representing the buyer in this transaction.
- Germany – Commerzbank, the German bank involved in providing the bridge loan, plays a crucial financial role in the deal.
Industry
- Renewable Energy – The article pertains to the acquisition of a wind farm, reflecting ongoing investments in renewable energy sources like wind power, which Greencoat Renewables is focusing on.
- Financial Services – The involvement of Commerzbank and the structuring of a bridge loan indicate the significance of financial services in supporting renewable energy projects.
- Legal Advisory – Ontier and Cuatrecasas were engaged as legal advisors to facilitate the transaction, highlighting the role of legal services in international acquisitions.
Financials
- 50 MW – The capacity of the Andella wind farm acquired by Greencoat Renewables.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Greencoat Renewables | Buyer | Company | An Irish company specializing in renewable energy investments, particularly in wind farms across Europe. |
| Ke-Reninvestment | Seller | Company | The previous owner of the Andella wind farm, responsible for selling the asset to Greencoat Renewables. |
| Ontier | Legal Advisor to Ke-Reninvestment | Company | A law firm that provided legal advice to Ke-Reninvestment for this transaction. |
| Cuatrecasas | Legal Advisor to Greencoat Renewables | Company | A law firm that advised Greencoat Renewables on legal aspects of the acquisition. |
| Commerzbank | Financial Institution | Company | Provided the bridge loan required for the transaction, later settled with the transfer of the SPV. |