Watson Farley & Williams (“WFW”) advised Sanza Energy (sanzaenergy.com), the first online platform in Spain for the commercialization of power purchase agreements (PPAs), on legal and regulatory issues applicable to PPAs and the renewable energy sector in Spain. Spain, as well as the drafting of the PPA model to be used as a model by Sanza Energy and its users.
Until now, PPAs have been negotiated and executed individually between different energy producers and buyers, without common standards between them. WFW, for example, has advised medium and large producers, utilities, corporate buyers, and more. on such negotiations. It is through this extensive experience and knowledge of the Spanish PPA market that WFW played a key role in advising Sanza Energy in the preparation of a model PPA form comprising standard market provisions with a balanced approach and bankable, which will be essential for the development, construction and financing of renewable projects.
Sanza Energy is a revolutionary new entrant in the Spanish energy sector, with its newly created platform facilitating and democratizing access to PPAs and renewable energy sources to promote a green market. Their platform provides both price stability and leverages the PPA market for all participants, since PPA proposals can be uploaded there and buyers and generators will operate to the standards and performance guarantees established by respected advisors, including WFW.
The WFW Madrid team advising Sanza Energy was led by María Pilar García Guijarro, corporate partner and head of the Madrid office, working closely with regulatory partner David Díez, financial partner Rodrigo Berasategui and senior partners Javier Ruffín and Enrique Thomas de Carranza.
María Pilar commented: “It was a pleasure to have played a part in such an innovative project. The advice we gave to Sanza Energy was based on our unrivaled track record and expertise in the renewable energy sector, particularly having been involved in the most relevant PPAs in the Spanish energy market”.
Sanza Energy Founder, Humberto Santillana, said, “Sanza Energy aims to transform the renewable energy sector, democratizing access to renewable energy at competitive prices. We are pleased that WFW has partnered with us to ensure that our PPAs meet the highest standards to make projects bankable.”
G-Advisory acted as technical advisor to Sanza Energy, KPMG as financial advisor and Howden as insurance advisor.