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Clifford Chance advises a syndicate of lenders on the refinancing of the project debt of two solar thermal plants with a total installed capacity of 100 MWs owned by Celeo Concesiones e Inversiones

2 July 2021

Clifford Chance advises a syndicate of lenders on the refinancing of the project debt of two solar thermal plants with a total installed capacity of 100 MWs owned by Celeo Concesiones e Inversiones

Clifford Chance advised a syndicate of lenders on the refinancing of the project debt of two solar thermal plants for a total amount of EUR 347,660,821. The plants have a capacity of 50 MW each, are located in Ciudad Real, Spain and are owned by Aries Solar Termoeléctrica, S.L., an affiliate of Celeo Concesiones e Inversiones, S.L.

Clifford Chance's core team consisted of Partner Eduardo García and Madrid Project Finance lawyers Eugenio Fernández-Rico, Marta Ruiz, Álvaro Cabaleiro, Victoria Morales and Virginia Jiménez who were assisted by derivatives experts Ángel Muñoz and Mariana Ceballos.

Clifford Chance has a team that specialises in environmental, social and corporate governance (ESG) standards and the legal advice on this deal reflects our team's commitment to shaping innovative financing structures of this type.