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Clifford Chance advises Northland Power on debt refinancing for a 551 MW renewable energy portfolio in Spain

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28 November 2022

Clifford Chance advises Northland Power on debt refinancing for a 551 MW renewable energy portfolio in Spain

Clifford Chance has advised leading renewables company Northland Power on refinancing project debt amounting to EUR 690 million in a portfolio of 33 renewable power plants (wind, solar and solar thermal) in Spain, with a total installed capacity of 551 MW.

The financing was provided by CaixaBank and structured as a holdco loan, benefiting from the technological diversity of the portfolio and the specific remuneration system established in Royal Decree 413/2014.

The Clifford Chance team that advised Northland Power was led by Global Financial Markets partner Eugenio Fernández-Rico, with the support of associates José Luis Iriarte and Enrique Pais from the same practice, and Regulatory partner José Luis Zamarro, with the support of associate Alba Sande from the same practice.

Clifford Chance asesora a Northland Power en la refinanciación de la deuda de un portfolio de 551 MWs de energías renovables en España

Clifford Chance has advised leading renewables company Northland Power on refinancing project debt amounting to EUR 690 million in a portfolio of 33 renewable power plants (wind, solar and solar thermal) in Spain, with a total installed capacity of 551 MW.

The financing was provided by CaixaBank and structured as a holdco loan, benefiting from the technological diversity of the portfolio and the specific remuneration system established in Royal Decree 413/2014.

The Clifford Chance team that advised Northland Power was led by Global Financial Markets partner Eugenio Fernández-Rico, with the support of associates José Luis Iriarte and Enrique Pais from the same practice, and Regulatory partner José Luis Zamarro, with the support of associate Alba Sande from the same practice.