Urbasolar Acquires Adriana Energía in Córdoba Deal
Deal News | Jan 14, 2025 | Iberian Lawyer
Urbasolar, a French company under the Axpo Group, has successfully acquired the Adriana Energía power plant, located in Guadalczar, Córdoba. The facility has a photovoltaic capacity of 32.55 MW and was purchased from Magtel Operaciones. Legal support for Urbasolar was provided by the firm Ontier, with a team led by senior professionals Pablo Enrile, Paula Rubio Martínez-Garrido, and Sofía Álvarez Escobedo. Jones Day provided legal advisory services to the seller, Ingeniera y Planificación Sostenible, a subsidiary of Magtel Operaciones.
Sectors
- Renewable Energy
- Legal Services
Geography
- Spain – The acquisition of the Adriana Energía photovoltaic plant is located in Guadalczar, Córdoba, Spain.
- France – Urbasolar, the acquiring company, is based in France.
Industry
- Renewable Energy – The acquisition involves a photovoltaic plant, enhancing the renewable energy capacity of Urbasolar.
- Legal Services – Both Ontier and Jones Day were involved in providing legal advisory services for the transaction.
Financials
- 32.55 MW – The maximum photovoltaic capacity of the acquired plant.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Urbasolar | Acquiring Company | Company | A French company under the Axpo Group, specializing in photovoltaic energy. |
| Axpo Group | Parent Company | Company | A Swiss energy company that owns Urbasolar. |
| Adriana Energía | Target Company | Company | A photovoltaic plant located in Guadalczar, Córdoba, with a capacity of 32.55 MW. |
| Magtel Operaciones | Vendor/Selling Company | Company | The company from which Urbasolar acquired the Adriana Energía plant. |
| Ontier | Legal Advisor to Urbasolar | Company | A law firm that provided legal services to Urbasolar in the transaction. |
| Jones Day | Legal Advisor to Ingeniera y Planificación Sostenible | Company | A law firm that provided legal services to the seller, Ingeniera y Planificación Sostenible. |
| Ingeniera y Planificación Sostenible | Subsidiary of Magtel Operaciones | Company | The company advised by Jones Day in the transaction. |