Capital Energy secures €165 million renewables financing from MEAG

Cuatrecasas has advised Capital Energy on its agreement with MEAG, the fund that manages Munich Re’s investments, to obtain €165 million in financing for its renewables project. The funds, granted under a project finance framework, will be allocated to five renewable facilities comprising four wind farms and one solar project, which are at different stages of development and will have a total capacity of 206 MW.

The transaction, one of the most ambitious in renewable energy financing this year, will promote five major energy infrastructures, not only for their environmental value but also because when they come into operation—between 2022 and 2024—they will be able to generate up to 675,000 MWh of clean energy.

This investment will enable Spanish energy company Capital Energy to strengthen the implementation of its clean energy project, while furthering the process of becoming the first vertically-integrated, 100% renewable energy operator on the Iberian Peninsula. 

The Cuatrecasas team advising Capital Energy on the financing transaction was made up of lawyers Agustín Cerdá, Lara Gutiérrez and Alejandra Molero.