Macquarie finances acquisition of two Spanish wind farms by Foresight company
Macquarie has provided the financing for the acquisition of two Spanish wind farms in La Mudarra, Valladolid – with a total capacity of 93.6 megawatts – which are being developed by WPD.
Shemara Wikramanayake (top, left), Peter English (top, right) and Bernard Fairman
The financing was provided to a holding company owned by private equity investor Foresight Group.
Foresight Group, which has £6.5 billion of assets under management, was founded by Bernard Fairman and Peter English.
Macquarie is led by CEO Shemara Wikramanayake.
A London and Madrid-based Bird & Bird team advised Macquarie on all aspects of the financing and guarantees of the projects. The loan agreement is subject to English law and the guarantee package is subject to Spanish law.
The Bird & Bird team was led by the firm's London office partner Conrad Purcell, assisted by associates Ed Davenport, Rumana Khanom and William Alms. The Madrid team has been led by partner Hermenegildo Altozano who was assisted by senior associate Emilio Martínez and associate Belén Álvarez de Miranda.
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