Magallanes Renovables Advances ATIR 2.0 Tidal Energy Project with WFW Support
Magallanes Renovables has advanced its ATIR 2.0 tidal energy project, a floating platform designed to generate 1.5 MW of renewable electricity, with legal support from Watson Farley & Williams. The project, set for construction in Vigo, Spain, and operation in Scottish waters, features advanced engineering, including two counter-rotating turbines. PricewaterhouseCoopers served as the lenders' legal counsel for the financing secured through a special purpose vehicle.
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Watson Farley & Williams advised Magallanes Renovables on the ATIR 2.0 project, a floating platform for tidal energy generation. The project secured financing for development through a special purpose vehicle, with construction in Vigo, Spain, and operation in Scottish waters.
The platform will generate 1.5 MW of renewable electricity and features advanced engineering, including two counter-rotating turbines. The WFW Madrid Energy team provided support in project finance, EPC, and O&M contracts. PricewaterhouseCoopers acted as lenders' legal counsel.
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