Cuatrecasas advises Prodiel on joint venture with Everwood Capital to develop renewable energy projects

Cuatrecasas advised Prodiel, the international technology company specializing in renewable energies and environmental management, on its alliance with investment management company Everwood Capital to create DVP Solar. The firm also advised on selling a 1096 MWp photovoltaic portfolio to entities managed by Everwood Capital.

The joint venture-in which both companies own a 50% stake-will focus on developing 7 GW of renewable energy projects. The sale of the photovoltaic plants portfolio to Everwood Capital is one of the largest transactions in the sector in the last year.

Cuatrecasas lawyers José Moya and Amador Rodríguez advised Prodiel on both transactions.

DVP Solar has projects in Spain, France, Germany, Italy, Colombia and Peru and is currently managing 5 GW in grid-connected photovoltaic energy and a further 2 GW in projects at the initial development stage, with an additional 3 GW in growth expected in the next few years.