Francisco Solchaga

Francisco-Solchaga

PARTNER

SPECIALIZATION

Energy

Mergers and Acquisitions

OTHER AREAS OF PRACTICE

Capital Markets

Company Law

CONTACT

Languages: English and Spanish

Assistant: Naiara Egurrola
egurrola@araozyrueda.com

Francisco Solchaga, Araoz & Rueda partner since 2007, joined the firm as an associate in 2000 after two years as an associate at Uría Menéndez, where he acquired experience in mergers and acquisitions and securities markets.

Francisco is specialized in energy, advising on numerous projects relating to the promotion and financing of wind and solar plants. He has also extensive experience in mergers and acquisitions and securities markets.

Recommended Individual” in Energy and Corporate/M&A in Chambers & Partners, The EMEA Legal 500 and Best Laywers in all editions since 2008 up to the latest in 2019.

Education

  • J.D. from Universidad de Zaragoza (Graduated with honours).
  • Advice to fund in the renewable energy sector on the study of documentation, review of Power Purchase Agreements (PPAs), Implementation Agreements (IAs), agreements with the local shareholders and other documents for the assignation of solar projects in different countries such as Nigeria, Zambia, Malawi and  Ethiopia on the frame of bid processes.
  • Advice to company in the renewable energy sector on the acquisition and financing of three PV projects in Murcia and Valencia (Spain), under a project finance structure.
  • Advice to a leading private equity fund on the sale of four PV projects with an aggregate power of 6,6 MWp located in Castilla La Mancha and Andalusia (Spain).
The EMEA Legal 500 2019 – Energy

Araoz & Rueda has ‘a strong global understanding’ combined with ‘a commercial approach to negotiations, going beyond the purely legal technical aspects’. The team has particular expertise in all aspects related to starting-up and operating renewable energy projects. ‘Exceptional’ practice head Francisco Solchaga is ‘good at channelling and coordinating the different areas of the law firm’, as well as ‘providing technical solutions, sensible and in line with business practices and the needs of the client’. The department is assisting Alten and Ortiz with the sale of six photovoltaic projects in Spain to Vela-Sonnedix, as well as advising African Renewable on its agreement with Solarig, for the development of a photovoltaic plant project in Cadiz.

The EMEA Legal 500 2019
Best Lawyers 2018

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2018
Best Lawyers 2019

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2019
The EMEA Legal 500 2018 – Energy

Araoz & Rueda has been highly active assisting clients with regulatory matters, refinancing and energy-related litigation. The practice assisted Renovis with the acquisition of two rooftop photovoltaic projects located in Badajoz. Francisco Solchaga is the key contact.

The EMEA Legal 500 2018
Best Lawyers 2017 – FSL

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2017
The EMEA Legal 500 2017 – Energy

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
The EMEA Legal 500 2017 – Corporate/Mergers and Acquisitions

Led by Pedro Rueda, Araoz & Rueda’s corporate team excels at advising foreign investors and Spanish corporations on significant transactions. Francisco Solchaga is also noted.

The EMEA Legal 500 2017
Best Lawyers 2016_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2016
The EMEA Legal 500 2016, “Recommended Individual” in Energy_Francisco-Solchaga

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
Best Lawyers 2015_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2015
The EMEA Legal 500 2015, “Recommended Firm” in Energy_Francisco-Solchaga

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
Best Lawyers 2014_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2014
The EMEA Legal 500 2014, “Recommended Firm” in Energy_Francisco-Solchaga

‘‘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
The EMEA Legal 500 2013, “Recommended Firm” in Energy_Francisco-Solchaga

‘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
Best Lawyers 2013_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2013
Chambers Europe Guide 2013, “Recommended Firm” in Energy_Francisco-Solchaga

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

Chambers Europe Guide 2013
Best Lawyers 2012_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2012
The EMEA Legal 500 2012, “Recommended firm” in Energy_Francisco-Solchaga

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

The EMEA Legal 500 2012
Best Lawyers 2011_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2011
Chambers Global Guide 2011, “Recommended Individual” in Corporate/Mergers and Acquisitions_Francisco-Solchaga

"Tier" 4 (de 5): Francisco Solchaga concentrates on M&A and enjoys a successful practice in the renewable energy sector.

Chambers Global Guide 2011
The EMEA Legal 500 2010, “Recommended Firm” in Energy_Francisco-Solchaga

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
Best Lawyers 2010_Francisco-Solchaga

Included in the list of "Best Lawyers in Spain" in Energy (Natural Resources).

Best Lawyers 2010
Chambers Europe Guide 2010, “Recommended Firm” in Energy_Francisco-Solchaga

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
Chambers Global Guide 2010, “Recommended Individual” in Corporate/Mergers and Acquisitions_Francisco-Solchaga

"Tier" 4 (de 5): Francisco Solchaga is a younger partner who has caught the eye of several clients.

Chambers Global Guide 2010
PLC WHICH LAWYER? 2009, “Recommended Firm” in Energy_Francisco-Solchaga

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

PLC WHICH LAWYER? 2009
Best Lawyers 2009_Francisco-Solchaga

Incluido en la lista de "Mejores Abogados de España" en Energía (Natural Resources).

Best Lawyers 2009
Chambers Europe Guide 2009, “Recommended Firm” in Energy_Francisco-Solchaga

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

“Las renovables vuelven a llamar a la puerta”

Publication: Revista de Energía de El Economista
Authors: Francisco Solchaga
Date: Noviembre 2016

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“The Spanish renewable sector after the regulatory changes of 2013/2014”

Publication: Global Legal Insights (GLI) - Energy 2017
Authors: Francisco Solchaga
Date: Octubre 2016

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“La regulación del autoconsumo energético”

Publication: Capital & Corporate Magazine Nº 34
Authors: Francisco Solchaga and Laura Vintanel
Date: December 2015

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“Spanish Government Announces a New Regulation on Electric Self-Consumption”

Publication: Expert Guide - Energy & Natural Resources 2015
Authors: Francisco Solchaga
Date: July 2015

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¿Cómo es ahora el depósito de los libros sociales?

Publication: Capital & Corporate Magazine Nº 32
Authors: Francisco Solchaga
Date: June 2015

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“New regulatory framework for renewables in Spain”

Publication: Expert Guide - Energy & Natural Resources 2014
Authors: Francisco Solchaga
Date: July 2014

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“¿Cómo quedan las renovables tras la reforma energética del Gobierno?”

Publication: Capital & Corporate Magazine Nº 28
Authors: Francisco Solchaga
Date: June 2014

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“Cuáles son las últimas modificaciones más relevantes en materia fiscal y regulatoria que afectan el sector de las energías renovables y cuál es su impacto”

Publication: Capital & Corporate Magazine Nº 23
Authors: Francisco Solchaga
Date: March 2013

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“¿Qué ha cambiado la Ley de Sociedades de Capital?”

Publication: Capital & Corporate Magazine Nº 15
Authors: Francisco Solchaga
Date: March 2011

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“Renewable energies in Spain: a leading and increasingly sophisticated sector”

Publication: Chambers & Partners - Spring Client Report
Authors: Francisco Solchaga
Date: May 2008

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Conferencia de la Industria Solar en España 2012

Organises: SolarPraxis
Lecturer: Francisco Solchaga
Date: October 18, 2012

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Financiación de Proyectos de Energías Renovables

Organises: IFAES
Lecturer: Francisco Solchaga
Date: 3 and 4 February 2010

In case of interest, please contact our marketing department.

Financiación de Proyectos de Energías Renovables

Organises: IFAES
Lecturer: Francisco Solchaga
Date: 24 and March 25, 2009

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I Congreso Nacional sobre Derecho Concursal

Organises: Araoz & Rueda, Uría Menéndez, Pinazo Abogados y Ramón Hermosilla & Gutiérrez de la Roza (con el apoyo del Instituto de Empresa)
Lecturer:
Date: 26 and February 27, 2009

In case of interest, please contact our marketing department.

Eólica 2009: los Retos del Sector

Organises: Instituto de Fomento Empresarial - IFE
Lecturer: Francisco Solchaga
Date: February 10, 2009

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Financiación de Proyectos de Energías Renovables

Organises: IFAES
Lecturer: Francisco Solchaga
Date: 12 and February 13, 2008

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Adquisición y Transmisión de Empresa

Organises: IFAES
Lecturer: Seminario impartido íntegramente por ponentes de nuestro despacho
Date: 20 and November 21, 2007

In case of interest, please contact our marketing department.

LBO Aspectos Jurídicos y Fiscales

Organises: IFAES
Lecturer: Francisco Solchaga
Date: 27 and June 28, 2007

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Régimen Fiscal de las Remuneraciones

Organises: IFAES
Lecturer: Alberto Baeza y Francisco Solchaga
Date: November 22, 2005

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Interview to Francisco Solchaga, Energy Partner

Iberian Lawyer Magazine, Junio 2013

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

Informative Note Energy - March 2016

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Spain wins first renewable energy international arbitration

Informative Note Arbitration & Energy - February 2016

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Main amendments of the tax reform affecting the renewable 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 - October 2014

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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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Main amendments of the RDL 4/2014 of 7 March

On 8 March 2014, the Royal Decree-Law 4/2014 of 7 March, adopting urgent measures on business debt refinancing and restructuring (hereinafter the “RDL”) was published in the Official State Gazette.

Informative Note - March 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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Binding Ruling V1602 -13, of May 14, 2013

The purpose of this Informative Note is to inform you about the contents of the Binding Ruling V1602-13 May 14, 2013 issued by the Spanish Directorate General for Taxation (from this point forward “SDGT”), and clarify the principal elements which form the tax base of Value of Electric Energy Production Tax (from this point forward “VEEPT”) created by the Act 15/2012, December 27, on fiscal measures for the energy sustainability.

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 - October 2013

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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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EnergéticaXXI (magazine of the energy sector)

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