Everoze supports Capital Dynamics’ acquisition of a 100% stake in Puerto Real 1 project in Spain

Published May 2020

Everoze was delighted to advise the independent global private asset management firm, Capital Dynamics, on the acquisition of a 100% stake in the 133MW Puerto Real 1 project located in the region of Cadiz in Spain and developed by WElink Group. The project was acquired upon achieving ready-to-build status and is expected to commission in Q1 2021.

Everoze employed its industry leading Due Diligence on Demand process, ensuring a robust risk assessment, smooth communication and continuous identification of open or risk items. Through the process, efficient mitigation measures were discussed and agreed between the parties, allowing the technical risk profile of the project to reach an acceptable level for Capital Dynamics. Everoze’s scope of work included technical review of permits, grid, land, technology, design, environmental constraints, construction and O&M contracts, energy yield and financial modelling.

Dario Bertagna, Director at Capital Dynamics mentions: “The Everoze team was instrumental in identifying potential risk and providing solutions to help us mitigate the issues that arose. We had a great experience working with them and value their dedicated support as our trusted technical advisor.”

Everoze’s work was led by Michele Lauritano supported by a broader project team including Ana Bamonde, Christophe Campistron, Dario Brivio, Mike Carter and Stefan Mau. For more details, Capital Dynamics’ press release is available here.