Cases & Deals

BBVA-led syndicate finances two concentrated solar power units in Extremadura, Spain

Client(s) Banco Bilbao Vizcaya Argentaria

Jones Day represented thirteen banks in which Banco Bilbao Vizcaya Argentaria (BBVA), Banco Santander, Société Generale, Bayern LB, and Caja Madrid acted as mandated lead arrangers and BBVA acted as facility agent in connection with the €629.2 million (US$903.3 million) project financing for the development and construction of two concentrated solar power units with a total generating capacity of 49.9 MW located in Extremadura, Spain and sponsored by NextEra Energy Resources, LLC, a leading generator of wind and solar power in North America.