Ignacio Paz
Ignacio Paz
Ignacio Paz
Ignacio Paz

Ignacio embodies all the desired traits of an adviser and goes beyond his deep understanding of legal issues to the wider deal considerations

Energy & Natural Resources | Chambers & Partners

Biography

Ignacio Paz is a partner in the Firm's Energy and Infrastructure team in Madrid.

His practice focuses on cross-border and domestic acquisitions and disposals, as well as project development and regulatory matters in the infrastructure, energy and natural resources sectors.

He has over 25 years’ experience advising leading infrastructure and energy funds, industrial sponsors, global financial institutions and governmental entities in originating and structuring opportunities, executing transactions and developing projects across a wide range of sub-sectors including power and renewables (wind, solar, hydro, biomass, cogeneration and other bioenergy technologies), clean hydrogen, electricity and gas distribution networks, water and waste infrastructure, transport (roads, rail, ports, airports and parking assets), social, core-plus infrastructure, as well as mining and natural resources.

He is ranked by leading international legal directories as one of Spain’s leading lawyers in energy and natural resources, environmental and projects matters.

Ignacio has advised clients on transactions and projects across a wide range of jurisdictions, with a particular focus on Latin America.

Experience

Some representative examples of Ignacio's Energy experience include advising:

Corporación Acciona Energías Renovables, S.A., a Spanish renewable energy company, in the sale of c. 626 MW of 34 hydroelectric assets to Endesa Generación, S.A., a Spanish energy company, for €1 billion.

Corporación Acciona Energías Renovables, S.A. in the sale of 100% of the shares of Acciona Saltos de Agua, S.L., owner of 23 hydroelectric assets with an aggregate capacity of c. 175 MW to Elawan Energy, S.L., a subsidiary of ORIX Corporation for €287 million.

Mirova S.A., a global asset management company dedicated to sustainable investing and an affiliate of Natixis Investment Managers, on its €480 million investment in RP Global to accelerate pan-European renewable energy development.

Velto Renewables, a renewable power producer backed by global investment group CDPQ, on its acquisition of a portfolio of photovoltaic and wind projects with a combined capacity of c. 130MW in France and c. 400 MW in Spain and Portugal from Q Energy Solutions SE, a major player in renewable energy in Europe.

Energy Infrastructure Partners and Crédit Agricole Assurances on the acquisition of 25% of Repsol Renovables with a portfolio of more than 1.6 GW of installed renewable capacity in Spain, the United States and Chile.*

Acciona:

  • On the JV with Plug Power Inc. to establish a leading green hydrogen platform for the Iberian Peninsula that will serve clients in Spain and Portugal.*
  • On the JV with SS Renewables to develop offshore wind farms in Spain and Portugal.*

One of the largest global infrastructure funds on its final bid and negotiation for the intended acquisition of EON's Spanish energy business including 4,6 GW of conventional and renewable energy generation capacity comprised of wind and hydroelectric assets and coal and gas-fired power plants, a 33,000km electricity distribution grid and 600,000 customer supply business.*

Quercus on the sale of a portfolio of 11 PV development projects in Spain with installed capacity of over 700 MW, to BayWa r.e.*

Cubico Sustainable Investments on the acquisition of 100% of the share capital of Arenales Solar PS, the owner of a concentrated solar power (CSP) plant located in Seville with a generation capacity of 49,9 MW.*

Sustainable Development Capital Energy Efficiency Income Trust (SEEIT) on the acquisition of a portfolio of 9 cogeneration facilities in Spain from Sacyr Industrial Renovables. The portfolio included five combined heat and power (CHP) plants, two olive processing plants and two biomass plants.*

Icon infrastructure on the acquisition and development of a portfolio of 250 MWs of PV projects in the south of Spain.*

Ardian on the acquisition of several renewable assets in Spain including "Parque Eólico los Ausines" and "Parc Eólica Veciana Cabaro" wind farm projects.*

JZ International:

  • On the sale of Petrocorner, a network of 65 petrol stations throughout Spain, to a Spanish subsidiary of British Petroleum.*
  • On the disposal of a portfolio of 22 PV plants located in Spain to Sonnedix*".

Alkion Terminals, a subsidiary of InfraVia Capital Partners, on its acquisition of LBC Belgium BV´s, a subsidiary of LBC Tank Terminal, with activities in chemicals and oil storage terminals across Spain and Portugal.*

Some representative Infrastructure examples of Ignacio's experience include advising:

A.P. Moller Capital on its acquisition of a 51% stake in Bergé Infraestructuras y Servicios Logísticos, S.L.U who develop and port operations, transport logistics, shipping and processes relating to the steel and automotive industries from Bergé y Compañía, S.A.

Connor, Clark & Lunn Infrastructure (CC&L Infrastructure) and Bestinver Infra (Bestinver) on their joint acquisition of the Northside student housing project (Northside or the Project), a community of student housing facilities situated at the University of Texas at Dallas (UTD), from funds managed by Tikehau Capital North America LLC d/b/a Tikehau Star Infra. The facilities comprise approximately 1,200 units with the capacity to house over 2,500 students.

DIF Capital Partners ("DIF"):

  • On the acquisition of Grupo Itevelesa, a market leading provider of vehicle inspection services in Spain with a network of 72 stations nationwide serving ca. 2.3 million customers annually. The advice included a long-term debt financing for the refinancing of the Company.*
  • On the acquisition of 33,34% of OHL´s stake in the New Toledo Hospital PPP project, considered the largest hospital complex in Europe.*
  • On the disposal to Brookfield of five Spanish PPP projects within the transport of healthcare sectors (Majadahonda hospital, Line 9 -Section IV- of the Barcelona underground and 3 hubs (Plaza de Castilla, Avenida de America and príncipe Pío).*
  • On the acquisition of 100% of the concessionaire of Hospital de Vallecas in Madrid, Spain.*

A global port's integrated logistics platform with a market-leading position in Spain and a significant presence in more than 20 countries, on its sale to a global trade, logistics and transport ports operator.*

Construcciones y Auxiliar de Ferrocarriles (CAF) on the acquisition of Coradya polyvalent and Talent 3 train platforms from Almston (including a factory in Reichshoffen).*

China Road and Bridge Corporation (CRBC) on the acquisition of Grupo Puentes, an Spanish infrastructure company with presence in 13 countries focused on the construction and operation of infra assets.*

First Sentier Investors on the acquisition of Parkia, the third Spanish largest  concessionaires of public off-street car parks from EQT.*

InfraVia Capital Partners on the acquisition of a significant stake in Metro de Malaga, the light rail system of the City of Málaga under a 38-year concession agreement procured by the Region of Andalusia.*

A financial buyer on the intended acquisition of a portfolio of several Spanish toll roads: R-2 (Madrid-Guadalajara), R-4 (Madrid-Ocaña), AP-36 (Ocaña-La Roda), M-12 (Eje aeropuerto), AP-41 (Madrid-Toledo), Circunvalación de Alicante, AP-7 (Cartagena-Vera), R3 and R5.*

Quaero Capital on the acquisition of Hospital del Tajo and Explotadora del Hospital del Tajo from Assignia Infrastructuras, Instalaciones Inabensa and Sando Concesiones.*

A consortium formed by FCC, Alpine, Strukton, Almston and Samsung on the public tender for the construction of the Riyadh Metro Project (lines 4, 5, 6).*

Aeropuertos Españoles y Navegación Aérea (AENA):

  • On the tendering process of the following airport concessions in Brazil: Porto Alegre-Salgado Filho, Salvador-Deputado Luís Eduardo Magalhaes, Florianópolis-Hercílio Luz and Fortaleza-Pino Martins.*
  • On the prequalification phase in the tendering process of the Arturo Merino Benitez International Airport concession in Santiago de Chile.*

Some representative examples of Ignacio's Mining and Metal experience include advising:

Berkeley Resources on the development of a uranium mining project in Salamanca, Spain.*

Atalaya Mining on several legal aspects related to the development of its copper and silver mining projects in southwest Spain.*

Rio Narcea Gold Mines on the development of a gold mining project in Asturias, Spain.*

Río Narcea Recursos on the development of a nickel mining project in Extremadura, Spain.*

Orvana Minerals Corporation on the acquisition of Kinbauri Gold Corporation, a company with gold mining rights in the North of Spain.*

*Experience prior to joining White & Case

Spain
Law Degree
Universidad de Navarra
Spanish
English
Portuguese
Italian
Galician

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