24 Nov 2025

Uría Menéndez advises Sustainable Development Capital on 68 MW Iberian behind-the-meter solar portfolio acquisition

"Uría Menéndez advised Sustainable Development Capital LLP on the acquisition of a 68 MW behind‑the‑meter solar portfolio in the Iberian Peninsula from Portuguese company Capwatt. The deal, the fund’s first Iberian investment via its Global Energy Transition Fund, includes operational, under‑construction and development assets to expand commercial and industrial renewable energy solutions."

Law firm Uría Menéndez advised Sustainable Development Capital LLP on the acquisition of a 68 MW behind-the-meter solar portfolio in the Iberian Peninsula owned by Portuguese company Capwatt. The transaction is Sustainable Development Capital’s first investment in the Iberian market through its Global Energy Transition Fund. The portfolio comprises operational, under-construction and development-stage assets, providing both immediate impact and significant growth potential as the investor seeks to broaden commercial and industrial renewable energy solutions across the region. Uría Menéndez represented Sustainable Development Capital LLP with a team composed by: João Louro e Costa (counsel; energy and infrastructure), Catarina Tavares Loureiro (partner, corporate and M&A), Jill de Soet Palmeiro (senior associate, energy and infrastructure) and Francisco Menezes (junior associate, energy and infrastructure) in Portugal; and Abel Baselga Castells (counsel, corporate and M&A) and Juan Delgado Giner (junior associate, corporate and M&A) in Spain.
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