Cuatrecasas advises Capital Energy on closing financing with Banco Sabadell for 50-MW wind farm

2021-03-26T00:00:00
Spain

Advise Capital Energy on signing a financing agreement worth €26 million with Banco Sabadell for the 50-MW Buseco wind farm.

Cuatrecasas advises Capital Energy on closing financing with Banco Sabadell for 50-MW wind farm
March 26, 2021

Cuatrecasas lawyers advised Capital Energy on signing a financing agreement worth €26 million with Banco Sabadell for the 50-MW Buseco wind farm (Asturias, Spain).

The renewable energy project is expected to be operating in the first half of 2022. The 10 wind turbines at the Buseco wind farm will generate 129,000 MWh of clean energy and offset over 51,600 tonnes of carbon dioxide annually.

The project finance has a 16-year minimum term, which can be extended to 18 years. The financing is divided into two tranches: an initial tranche of aproximately €22 million and a second tranche of approximately €4 million, subject to the signing of a power purchase agreement with a buyer with a good credit rating.

Cuatrecasas lawyers Agustín Cerdá, Luis Pérez de Ayala and Lara Gutiérrez advised on the transaction.

March 26, 2021