03 04 2016

Banco Santander SA on sale of the Taralga Wind Farm

Herbert Smith Freehills has advised Inversiones Capital Global SA, a wholly owned subsidiary of Banco Santander SA, on its agreement to sell the 106.8MW Taralga Wind Farm to State Power Investment Corporation of China. SPIC was also the recent purchaser of the Pacific Hydro business, on which Herbert Smith Freehills acted for the vendor, IFM Investors.


The sale of the Taralga Wind Farm follows a competitive trade sale process and caps ICG’s involvement in the Taralga project from its initial development. Herbert Smith Freehills has been involved in all stages of the project, including its construction, offtake arrangements and project financing. The Herbert Smith Freehills team was led by partners David Ryan and Gerard Pike with significant assistance from senior associate Jon Evans and associates Michael D’Agostino and Arnica Mullins.  The Santander Group is a Spanish banking group centered onBanco Santander, S.A.  and is the largest bank in the eurozone by market value. It is one of the largest banks in the world in terms of market capitalization. As its name suggests, the company originated inSantander, Cantabria, Spain. ICG was also advised by ANZ Corporate Advisory and IGWT Advisory. SPIC was advised by the SILC Group, ING and King & Wood Mallesons. Involved fees earner: David Ryan - Herbert Smith Freehills; Gerard Pike - Herbert Smith Freehills; Arnica Mullins - Herbert Smith Freehills; Michael D’Agostino - Herbert Smith Freehills; Jon Evans - Herbert Smith Freehills;

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