CMS has advised German company Encavis AG on its entry into the Spanish renewable energy market through the acquisition of one of the country’s largest photovoltaic facilities, with a capacity of 300 MW and estimated investment of EUR 225 million.
Signed in October 2018, the deal involves the acquisition of an 80% stake in Genia Extremadura Solar, S.L., the owner of the facility to be built in Extremadura.
Encavis AG holds one of Europe’s biggest photovoltaic portfolios.
The team was formed by: Luis Miguel de Dios, partner CMS, Irene Miró, Elena Alcázar, senior associates CMS, Nerea Sanz, Tobías Kálnay, Jorge Durán y José Luis Rodríguez, associates CMS.
