Cobra Concesiones has completed financing for a 50MW solar plant in Albacete in Spain.
Madrid-based Cobra Concesiones is a construction company that specialises in developing, managing, operating and maintaining infrastructure and energy projects across Spain.
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Watson Farley & Williams advised Cobra Concesiones on the financing of the plant, owned by special purpose vehicle Bonete Fotovoltaica 1.
The transaction closed on 7 June 2021.
The parties involved were Kommunalkredit Austria AG acting as lender, Nomura Financial Products Europe as derivatives provider, Sanne Agensynd, as agent and Banco de Sabadell as account bank.