Cuatrecasas has advised Tion Renewables GmbH (Tion Renewables) on the acquisition from EDP Renovables España, S.L.U. (EDPR) of a portfolio of four photovoltaic solar energy projects with a total installed capacity of 104 MW in Spain (Aragón and Andalucía), fully backed by long-term power purchase agreements (PPAs).
This transaction, the largest completed by Tion Renewables to date in terms of installed capacity, not only in Spain, marks an important milestone in its expansion strategy.
The Cuatrecasas advisory team was composed of lawyers José Luis Rodríguez, Ana Laso, and Juan Manuel Navajas from Corporate M&A; Miguel Cruz, David Vidal, and Íñigo Várez from Finance; and Alejandro Bonitch and Ignacio Giner from Regulatory.
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