Energy

“Excellent in every way, remarkably business-oriented

– The Legal 500 –

Our energy team has extensive experience in advising energy sector companies in a wide variety of transactions, including contractual, corporate as well as regulatory aspects.

Our practice covers the promotion, construction, financing, starting-up and operating of energy installations (advising all kind of players involved such as project promoters, contractors, financing banks, project purchasers and/or sellers, managers of the installations, etc) as well as regulatory aspects within the gas, oil and electric sector (operating licences, installation authorization, conflict of access issues, etc). We also advise regularly in the purchase, sale or coinvestment in companies in the energy sector (operators, specialized engineering, promoters, etc).

We have particular expertise in the creation and financing of renewable energy projects, advising on all legal issues arising from a project at any stage.

As our domestic clients venture outside the Spanish market, we have accompanied them in their international projects in countries such as Italy, France, Germany, USA, Canada, South Africa or Australia.

We also advise in matters such as antitrust law, litigation and arbitration, contracting and joint-venture agreements, within the energy sector.

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PROFESSIONALS

Araoz & Rueda has particular expertise advising on the hydrocarbons and electricity sectors and has been active on privatisation and deregulation processes. Among other matters the team assisted Perwin with the € 15m acquisition of the Solluz photovoltaic project.

The EMEA Legal 500 2017 - Energy

At Araoz & Rueda Francisco Solchaga has extensive experience acting for clients in the hydrocarbons, electricity and gas industries. Recent highlights include assisting Grupo T-Solar on the acquisition of a stake in a photovoltaic project from minority shareholders.

The EMEA Legal 500 2016 - Energy

Araoz & Rueda advises sponsors on the development and financing of renewable energy projects and recently assisted China-based Huadian Fuxin Energy with the acquisition of a 40MW wind farm in Cuenca. Francisco Solchaga heads the team.

The EMEA Legal 500 2015 - Energy

‘‘Versatility’ and ‘dedication’ are the hallmarks of Araoz & Rueda’s practice, which has transactional and financing expertise. Francisco Solchaga ‘personally handles his clients’ matters’ and has ‘excellent knowledge of the energy sector’.

The EMEA Legal 500 2014 - Energy

‘Excellent in every way’, Araoz & Rueda is ‘always extremely quick to react’ and is ‘fully devoted to the client and the deals’. Francisco Solchaga is ‘remarkably business-oriented’, and has ‘deep knowledge and common sense’.

The EMEA Legal 500 2013 - Energy

Francisco Solchaga specialises in energy transactions, with clients including energy group OPDE.

Chambers Europe Guide 2013 - Energy

Francisco Solchaga has expertise in hydrocarbons, gas and electricity, and is highly recommended in renewable energy projects.

The EMEA Legal 500 2012 - Energy

Araoz & Rueda has niche expertise in renewable energy, particularly solar plants. Clients praise the team´s "response, support and commitment". The team is led by "outstanding partner" Francisco Solchaga.

The EMEA Legal 500 2010 - Energy

This compact Madrid-based firm has a small but steady flow of project finance work. The practice focuses on the financing of solar power farms in Spain. Sources speak highly of practice head Francisco Solchaga, who, having focused on renewable energy deals for several years, has acquired excellent legal and technical knowledge of the sector.

Chambers Europe Guide 2010 - Energy

Despacho recomendado en el área de energías renovables. Francisco Solchaga es el socio que lidera la práctica.

PLC WHICH LAWYER? 2009 - Energy

Peers identify this firm as an active player in the projects market, concentrating predominantly on the energy industry and working on photovoltaic projects on the side of the sponsors. Partner Francisco Solchaga leads the practice.

Chambers Europe Guide 2009 - Energy

El Tribunal Supremo rechaza indemnizar a las empresas fotovoltaicas por la reducción retributiva de 2010

Informative Note Energy - March 2016

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New regulatory framework for renewables in Spain

Past policies regarding renewable energies have been very successful in Spain, permitting a significant development of such technologies, making Spain one of the global leaders in this field. However, in recent years, due to the economic crisis and tariff deficit, a period of regulatory and legal uncertainty commenced, characterised by continuous legislative changes.

Informative Note - June 2014

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Financial measures applicable to the electricity sector

The purpose of this Informative Note is to inform you about the financial measures regarding losses for deterioration and applicable to the electricity market reform.

If you are interested in the topic covered in this Informative Note please contact our marketing department and we will be happy to provide you with a full English translation.

If you would like to view the Spanish version, please click here:

Informative Note - February 2014

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Entry in force – Law 3/2013, of 4 June, 2013 creating the National Markets and Competition Commission

Law 3/2013, of 4 June, 2013 creating the National Markets and Competition Commission was published in the Official State Gazette on 5 June 2013. The Act makes sweeping changes to the current system of regulatory supervision by creating a new body, the National Markets and Antitrust Commission (CNMC), which encompasses the existing National Competition Commission and the majority of industry supervisory authorities, namely, the National Energy Commission, the Telecommunications Market Commission, the Rail Regulation Committee, the Airport Economic Regulation Commission and the National Postal Industry Commission. The Law also abandons the plan to set up a future National Gaming Commission and the State Council for Audiovisual Media. However, financial supervisory authorities (National Securities Market Commission, Bank of Spain) and the Nuclear Safety Council are not included within the scope of application of the Law and therefore remain as separate bodies.

If you are interested in the topic covered in this Informative Note please contact our marketing department and we will be happy to provide you with a full English translation.

Informative Note - June 2013

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Amendments and reforms to the energy sector

Over the past months, the Spanish Energy Sector has suffered the consequences of the Government’s attempts to reduce the so called tariff deficit and to reestablish the balance between the costs and revenue within the Electricity Sector. These attempts have been partially materialized in the following reforms which were finally approved at the end of year 2012: Law 15/2012, of December 27, on tax measures for energy sustainability ("Law 15/2012"), introducing new taxes applicable to energy producers and other entities involved in the energy sector.

If you are interested in the topic covered in this Informative Note please contact our marketing department and we will be happy to provide you with a full English translation.

If you would like to view the Spanish version, please click here:

Informative Note - February 2013

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Latest news

Latest events

2018 UIA Congress

October 30 - November 3, 2018 (Oporto)

Organises: Union Internationales des Avocats
Lecturer: Ángel S. Freire

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Jornada AEDAF de Fiscalidad Internacional

October 30, 2018

Organises: Asociación Española de Asesores Fiscales (AEDAF)
Lecturer: Javier Prieto

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Desafíos, riesgos y oportunidades del e-commerce

October 2, 2018

Organises: Asociación Iberoamericana de Cámaras de Comercio, Industria y Servicios (AICO) and Comisión Interamericana de Arbitraje Comercial (CIAC)
Lecturer: Ángel S. Freire

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