María José Descalzo

Madrid
  • Plaza de la Independencia 6
  • 28001 Madrid
  • Spain
 
 

María José Descalzo is a partner in Latham & Watkins’ Madrid office and a member of the firm's Corporate Department. Ms. Descalzo has extensive experience representing domestic and international companies, investors, and private equity firms on a variety of energy-related M&A, joint ventures, IPOs, and project finance matters.

Ms. Descalzo has significant expertise advising on renewable and conventional energy projects, among a variety of other energy sub-sectors, including the production of electricity, natural gas and oil (production, transportation and distribution assets), and LNG. She regularly counsels clients on complex contractual and regulatory matters, including proceedings and reviews before the National Commission on Markets and Competition (CNMC), where she worked for five years.

Ms. Descalzo´s recent experience includes advising:
  • US power company on the sale of two concentrated solar power plants located in Extremadura*
  • Elecnor in the acquisition of a stake in Wayra, an Ecuadorian company with local oil exploitation interests*
  • APG in the joint venture with Elecnor regarding the development of power transportation lines in Brazil and Chile and Elecnor’s solar PV business in Spain*
  • Repsol in the acquisition of the low-emission generation assets and supply of power and gas retail business of Viesgo España, a Spanish company engaged in generation and distribution of electricity*
  • CNIC and GT Fund in the acquisition from infrastructure funds managed by Goldman Sachs of a stake in Redexis Gas and Redexis Finance, Spain’s second largest gas transportation and third largest LPG distribution company*
  • Allianz Capital Partners and Canada Pension Plan Investment Board (CPPIB) on its acquisition of a 20% stake in Gas Natural Fenosa’s natural gas distribution business in Spain*
  • ContourGlobal in:
    • The acquisition of Acciona’s 250MW CSP portfolio, made up of five CSP facilities*
    • The sale-down of a 49% stake in the 250 MW CSP portfolio acquired from Acciona to Credit Suisse Infrastructure Partners*
    • The acquisition of a 800 MW combined cycle from Naturgy*
  • Several infrastructure funds on acquisitions and disposals of several stakes in Compañía Logística de Hidrocarburos CLH, S.A.*
  • Isolux in the sale of T-Solar, the largest solar PV portfolio in Spain to I-Squared Capital*
  • Banco Santander and Nord Lb on the financing and subsequent refinancing of the project owned by Platina in Arico*
  • Morgan Stanley Infrastructure Partners in:
    • The acquisition of a natural gas distribution business from Gas Natural SDG, S.A. through a competitive tender*
    • Its disposal of Madrileña Red de Gas, S.A.U. to a consortium formed by Gingko Tree, PGGM and EDF in 2015*

*Matter handled prior to joining Latham

 
 
 
Notice: We appreciate your interest in Latham & Watkins. If your inquiry relates to a legal matter and you are not already a current client of the firm, please do not transmit any confidential information to us. Before taking on a representation, we must determine whether we are in a position to assist you and agree on the terms and conditions of engagement with you. Until we have completed such steps, we will not be deemed to have a lawyer-client relationship with you, and will have no duty to keep confidential the information we receive from you. Thank you for your understanding.