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Vanessa Cuellas

Partner

Madrid

Image of Vanessa Cuellas
Vanessa Cuellas

Partner

Madrid

Vanessa specialises in project finance, advising sponsors, borrowers and funders in relation to the development, acquisition, financing and refinancing of energy and infrastructure assets. Her experience covers both international and domestic work across the energy and infrastructure landscape (greenfield and brownfield) from power (including renewables) to roads, rail and ports among others.

She has also wide experience in leverage, corporate and structured finance.

Vanessa is recognised as a leading market practitioner in the main legal directories such as Chambers & Partners and Legal 500.

Other noteworthy experience includes advising:

  • Eolia in connection with the acquisition of a wind and PV portfolio from Sinia Renovables (owned by Banco Sabadell) and the refinancing of the debt of the same. (Project Albatros)
  • Bruc Energy on the equity financing of the acquisition of several photovoltaic power plants.
  • Commerzbank in relation with the project finance for the construction, development, commissioning and operation by WPD of a 300 MWp wind farm in Valladolid.
  • Ib vogt, a Berlin-based solar developer, in the construction and operation of a 180MWp PV project in Badajoz (including financing and project contracts and in particular an ISDA based PPA with Shell).
  • European Investment Bank (EIB) in connection with the financing of a PV project in Spain (La Cabrera), including negotiation of a PPA with Amazon.
  • Infracapital on the financing to Endesa Soluciones in order to optimize its capital structure as well as funding the construction, operation or acquisition of additional projects.
  • The commercial banks on the refinancing of the existing debt of Tranche 2 of the Barcelona Metro Line. (Project Miró)
  • Abanca, EDC and Schorders on the debt refinancing of Omers (formerly Borealis) in relation with the acquisition of their stake in Exolum (formerly CLH).
  • The Lenders in the financing to Macquarie in connection with the acquisition of 25% of the their stake in Exolum (formerly CLH).
  • The Lenders in connection with the financing granted by GIP for the acquisition of 20% Naturgy (before Gas Natural).

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Income reduction for electricity producers: what’s new in Royal Decree-Law 23/2021?

On 26 October 2021, the Government has approved the Royal Decree-Law 23/2021 providing for new urgent measures in response to the on-going situation of high gas and electricity prices.

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The income reduction for electric producers in Royal Decree-Law 17/2021

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New remuneration regime for renewable energy production in Spain

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Experience highlights

Office

Madrid

Allen & Overy
Serrano 73
Madrid
28006

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Qualifications

Professional

Admitted as abogado, Spain, 2004

Academic

Business Degree, Fundación Universitaria San Pablo CEU, 2004

Postgraduate, Business Law, Fundación Universitaria San Pablo CEU, 2003

Law Degree, Fundación Universitaria San Pablo CEU, 2002

Recognition