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Clifford Chance advises Norges Bank on their first investment in a renewables portfolio in Spain

Clifford Chance has advised Norges Bank Investment Management on their acquisition of a 49% interest in a 1.3 GW portfolio of solar plants and onshore wind farms in Spain from Iberdrola.
The Clifford Chance Spain multidisciplinary team advising on the deal was led by head of Corporate / M&A Luis Alonso and Corporate / M&A counsel Javier Hermosilla, together with Corporate / M&A associates Juan Valcárcel, Íñigo Navarrete, Conrado López and Carlos Aleixandre. Partner José Guardo and associates Gabriel Miranda and Elena Euba advised on the financing aspects. Partner José Luis Zamarro and associates Alba Sande and Mónica Romero advised on the regulatory aspects, counsel Begoña Barrantes and associate Clara Iglesias advised on the antitrust aspects and senior associate Fernando Escribano advised on the tax aspects.

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