Opdenergy Secures Financing for 440MWp Solar Expansion
Deal News | Feb 06, 2025 | Iberian Lawyer
Cuatrecasas, a prestigious law firm, has successfully advised Opdenergy on a significant financial transaction involving the development and commissioning of ten solar plants with a combined capacity of 440 MWp. This project reflects a pivotal step for Opdenergy, an independent renewable energy producer, in securing the necessary funding for the completion of ongoing projects as well as the refinancing of existing ones. Notable financial institutions including MUFG, BBVA, and BNP Paribas facilitated this transaction, with Apex Financial Services acting as the agent. Cuatrecasas employed a robust legal team from Madrid, Barcelona, and London, highlighting their strategy to provide clients with high-caliber expertise across different jurisdictions.
Sectors
- Renewable Energy
- Legal Services
- Financial Services
Geography
- Spain – Cuatrecasas has teams based in Madrid and Barcelona, and the transaction likely involves solar projects in Spain.
- United Kingdom – Cuatrecasas also coordinated efforts through their team in London.
Industry
- Renewable Energy – This industry is relevant as the article discusses Opdenergy's solar energy projects and their financing.
- Legal Services – Cuatrecasas, a legal advisory firm, played a significant role in the financial transaction.
- Financial Services – Financial institutions such as MUFG, BBVA, and BNP Paribas were involved in providing the financing for the solar projects.
Financials
- Not Disclosed – The total financial amount secured for the refinancing and construction of the solar parks is not disclosed.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Opdenergy | Target Company | Company | An independent renewable energy producer focused on developing solar plants. |
| Cuatrecasas | Legal Advisor | Company | A law firm providing legal advice for the financing transaction. |
| MUFG, BBVA, BNP Paribas | Financing Banks | Company | Financial institutions providing the necessary funding for the solar projects. |
| Apex Financial Services | Agent | Company | Acts as an agent in the financing transaction for the solar projects. |
| Agustín Cerdá, Javier Vivas, Adrián García, Juan Barenys, Alejandro Bonitch | Legal Team | People | Cuatrecasas lawyers involved in the financial transaction from their offices. |