Herbert Smith Freehills LLP brings an ‘extensive knowledge of regulatory and energy issues’ to M&A matters within the sector. Iria Calviño leads on public law, environmental, and regulatory issues impacting electricity infrastructure and renewable energy assets. Miguel Fraga acts for renewable energy producers, developers, and asset managers on significant transactions concerning wind and solar power projects, while Guillermo Uriarte provides corporate law support on energy and infrastructure transactions. Alberto Martínez supports the energy and infrastructure department on projects and M&A matters. Former managing partner and practice head Miguel Riaño left the firm, while energy and infrastructure finance specialist Sergio Cires joined in January 2024.

Legal 500 Editorial commentary

Testimonials

Collated independently by Legal 500 research team.

  • ‘HSF's Madrid energy team has strong capabilities both on the regulatory and the M&A side, making them a great law firm for complex transactions.'

  • ‘HSF's energy team offers in-depth knowledge and dedication to the matters entrusted to it. Added to this is its full availability to hold meetings with in-house lawyers, which allows matters to be handled with a high level of preparation.’

  • ‘Extensive knowledge of regulatory and energy issues.’

  • 'The Madrid team around Guillermo Uriarte and Iria Calvino is particularly impressive - they are very smart lawyers who are up to date on the markets and understand how infra investors and PE houses work.’

  • ‘Guillermo Uriarte is very commercially aware and has an excellent understanding of how infrastructure funds work. He has a sharp mind and a really calm and considered demeanour, making him a very effective negotiator and an absolute asset in any complex SPA negotiation.'

  • 'Esther Lumbreras is our go-to expert on Spanish energy regulation - she has encyclopedic knowledge of a broad range of regulatory topics and has the rare ability to explain complex legal & regulatory matters in a very user friendly way. ’

  • ‘José Ramón Mourenza and Esther Lumbreras bring an outstanding professional level in energy law.’

Key clients

  • Elecnor
  • Interogo Holding
  • Finerge Europe
  • Sojitz Regasificadora
  • Renewable Power Capital (RPC)
  • Goldman Sachs
  • Quercus Real Assets Limited
  • Sortul SPV 2022
  • Copenhagen Infrastructure Partners
  • Ocean Winds Offshore
  • IGNIS
  • HidroCantábrico Distribución Eléctrica
  • Sociedade para o desenvolvemento de Proxectos Estratéxicos de Galicia
  • Asociación de Comercializadoras Independientes de Energía (ACIE)

Work highlights

  • Advised Elecnor on the €1.8bn sale of its renewable energy subsidiary Enerfín to Norwegian energy company Statkraft.
  • Advised Interogo Holding on the acquisition of a 49% stake in Bruc Fuentes, a company of the Bruc Energy group with a portfolio of operational and under construction solar photovoltaic projects in Spain, totalling 1,066MW.
  • Advised Finerge Europe on the acquisition of a portfolio of three operational wind projects located in Navarra with a total capacity of 53.1MW and one additional wind project under construction at an earlier permitting stage with a capacity of 9.9MW owned by a single Spanish special purpose vehicle wholly owned by Alfanar.

Lawyers

Hall of Fame
The lawyers at the very top of the profession, widely known and respected by peers and clients for their longstanding involvement in market-leading work.
Miguel Riaño
 – Riaño Abogados
Leading associates
Leading associates with regular involvement in their team's key work, and recognition from peers or clients as being ones to watch.
Next Generation Partners
Junior partners with significant recognition from clients and peers in the market and key roles on multiple matters.

Practice head

The lawyer(s) leading their teams.

Iria Calviño, Guillermo Uriarte, Miguel Fraga

Other key lawyers

Sergio Cires, Armando García-Mendoza, Alberto Martínez, José Ramón Mourenza, Esther Lumbreras