Sunco Energy secures €58m in financing from Banco Santander

Sunco Energy has secured €58 million in financing from Banco Santander for the design and construction of two photovoltaic plants with a total capacity of 83 megawatt peak (MWp) in Manzanares, Ciudad Real, Spain.

Posted Friday, February 28th 2020
Sunco Energy secures €58m in financing from Banco Santander

José Guardo

Sunco was advised by Clifford Chance’s Madrid office on the deal.


Clifford Chance also advised Sunco on the drafting and negotiation of the engineering, procurement and construction (EPC) and operation and maintenance (O&M) contracts for the two plants. The firm also advised on the negotiaton of a power purchase agreement (PPA) with Shell.


The Clifford Chance team was led by José Guardo (pictured), and included Eduardo Sánchez, Ana Cano, Pablo Cancelo and Gabriel Miranda.