Fernando Lillo

Of Counsel

Madrid + 34.91.520.3989

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Fernando Lillo, with more than 25 years of experience, advises clients on lending and structured finance and is recognized as a leading lawyer in Spain for public-private partnerships (PPPs), private finance initiatives (PFIs), and project finance and in the infrastructure and renewable energy development markets.

Most of Fernando's recent representations focus on renewable energy (wind parks, mini hydraulic, biomass, cogeneration, bioethanol, solar, and thermal solar plants) and infrastructure projects (toll roads, highways, parking lots, wastewater treatment plants, hospitals, sports centers, hotels, and nursing homes, among others), including administrative concessions. His experience encompasses all types of credits, loans, and security packages in project, corporate, export, acquisition, and asset financing. He also advises local and international promoters and investors (including investment funds) in the renewable energy and infrastructure sectors, not just in the development area but also in the acquisition and sale of assets, as well as their financing.

Fernando has recently been the lead in advising Aberdeen in the acquisition of several brownfield assets in Spain; Grupo Sacyr in the financing and refinancing of various transport infrastructures; a Spanish developer in the sale of an 850 MW portfolio of photovoltaic plants to various investment funds; and Grupo Azvi in the acquisition, financing, and operation of certain rolling stock for the Toros project in Uruguay.

Experience

  • Magtel Operaciones sells Adriana EnergíaJones Day advised Ingeniería y Planificación Sostenible, S.L.U., a subsidiary company of Magtel Operaciones, S.L.U., in the sale of Adriana Energía, S.L.U. to Urbasolar S.A.S., a France-based company of the Axpo Group.
  • NetOn Power obtains financing for ten self-consumption photovoltaic plantsJones Day provided legal advice to NetOn Power in connection with the financing of a loan for the construction, start-up, and operation of ten self-consumption photovoltaic plants.
  • Private capital firm finances Spanish mining projectJones Day advised a private capital firm on the financing of a mining project located in the south of Spain.
  • Banco Sabadell, Rabobank, and ING complete €261.97 million financing for five photovoltaic plants in Palencia, SpainJones Day provided legal advice to Banco Sabadell, Rabobank, and ING in connection with the financing for the construction, start-up, and operation of five photovoltaic plants in the Palencia region of Spain under construction named "Pisoraca 2", "Pisoraca 3", "Grijota III", "Grijota IV", and "Grijota V", totaling a nominal power of 244.7 MWp.
  • Eólica Navarra and Solen Energía restructures two photovoltaic plants in SpainJones Day provided legal advice to Eólica Navarra, S.L.U., as well as its two subsidiaries Solen Energía la Nava, S.L.U., and Solen Energía Valdelafuente, S.L.U., in connection with the restructuring of the financing for the construction, start-up, and operation of two photovoltaic plants under construction named "PSF La Nava" and "PSF Ebro I", totaling a nominal power of 105 MW.
  • Megainstalacines Solares obtains €9.9 million term loan facilityJones Day represented Megainstalacines Solares, S.L., a company owned by a German renewable energy fund manager (Aream GmbH) in connection with a €9.9 million term loan facility for the financing of the construction, operation, and exploitation of a photovoltaic plant of 21.4 MWps located in Talayuela (Cáceres, Spain).
  • Procter & Gamble signs 10-year VPPA with Renewable Power Capital for wind energy project in SwedenJones Day advised The Procter & Gamble Company (P&G) in entering into a 10-year virtual power purchase agreement (VPPA) with a subsidiary of renewable energy developer Renewable Power Capital (RPC) for a wind energy project in Sweden with an expected capacity of 140 MW.
  • OX2 sells photovoltaic project in SpainJones Day advised OX2 AB in the sale of Modus Solar Andalusia, S.L., a photovoltaic project in Spain, to Green Genius.
  • Banco de Sabadell finances two wind parks in Zamora, SpainJones Day represented Banco de Sabadell, S.A. in connection with the financing for the construction, start-up, and use of two wind parks under construction named Aciberos and Padonerlo 3, which together, add up to a total nominal power of 110 MW, located in the region of Zamora, Spain.
  • Bankinter refinances Project Villanueva UnoJones Day provided legal advice to Bankinter, S.A., as lender, in connection with the refinancing of the construction of a photovoltaic installation named "Villanueva Uno" located in the Spanish municipality of Torrejoncillo del Rey (Cuenca - Spain), with a total nominal capacity of 42.27 MW Alternating Current (AC) and 49.99 MWp Direct Current (DC).
  • Sacyr Group and Marguerite Silver amend project Arlanzón finance documentsJones Day provided legal advice to consortium composed of Sacyr Group and Marguerite Silver in connection with the Spanish, English, and Dutch matters related with the modification and amendments of certain finance documents within the bond issuance scheme for project Arlanzón.
  • Banco Santander restructures Autovía del Eresma project finance debtJones Day provided legal advice to Banco Santander, S.A. in connection with the restructuring of project finance debt relating to the sale by Sacyr Concesiones, S.L. of 49% of the shares of Autovía del Eresma, Concesionaria de la Junta de Castilla y León, S.A. to Adepinar, S.L.
  • Procter & Gamble enters into long-term VPPAs with EDP Renováveis, S.A. for two solar energy projects in ItalyJones Day advised The Procter & Gamble Company (P&G) in entering into long-term virtual power purchase agreements (VPPAs) with a subsidiary of renewable energy developer EDP Renováveis, S.A. (EDPR) for two solar energy projects in Italy with an aggregate capacity of around 110 MW.
  • Aer Soléir partners with Tartessos Power Development for hybrid project of over 130 MW in Andalusia, SpainJones Day advised Dublin-based Aer Soléir on its partnership with Spain's renewables developer Tartessos Power Development for co-development of a hybrid project of over 130 MW in Andalusia, Spain.
  • Aberdeen acquires further stake in GuadalcesaJones Day advised Aberdeen Infrastructure (HoldCo) B.V. in the acquisition of a further stake in Guadalcesa, the concessionaire that operates the AP-46 toll motorway between Malaga and Alto de las Pedrizas, from Sacyr.
  • OX2 Holdings acquires four photovoltaic projects in Andalucia, SpainJones Day advised OX2 Holding New Markets AB in the acquisition of four photovoltaic projects in Andalucia, Spain, for a total capacity of 151.54 MWp.
  • Renewable Energy Holding II S.à r.l. acquires quota shares in Megainstalaciones Solares, S.L. and solar plant Talayuela IIIJones Day advised Renewable Energy Holding II S.à r.l. in connection with the purchase of quota shares in Megainstalaciones Solares, S.L. and its solar plant named Talayuela III of 21 MW.
  • Renewable Energy Holding S.à r.l. acquires two Spanish solar PV plantsJones Day advised Renewable Energy Holding S.à r.l., a Luxemburg-based asset manager, on the acquisition of two solar PV plants (Altarejo and Moratalla) in Spain.
  • Athos Solar refinances existing intra-group debt held by Fotovoltaica Campanario I, S.L.Jones Day provided legal advice to Athos Solar GmbH in connection with the refinancing of the existing intra-group debt held by Fotovoltaica Campanario I, S.L.
  • Aberdeen acquires Concesionaria de Prisiones Figueras, S.A.U.Jones Day advised Aberdeen Infrastructures in the acquisition of 100% of the shares in Concesionaria de Prisiones Figueras, S.A.U., a concessionary company of a contract regulating the granting of a surface right for the construction and maintenance of a building to be used as the penitentiary center of the municipality of Figueras (Catalonia) and the subsequent operation thereof through its leasing to the Generalitat de Catalunya, including advice related to the subrogation of the buyer in the project finance documents, especially the Sponsor Support Agreement and the Share Pledge Agreement.
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