Vanessa Cuellas


Vanessa specialises in project finance, advising sponsors, borrowers and funders in relation to the development, acquisition, financing and refinancing of energy and infrastructure assets. 

Her experience covers both international and domestic work across the energy and infrastructure landscape (greenfield and brownfield) from power (including renewables) to roads, rail and ports among others. She has also wide experience in leverage, corporate and structured finance.

Vanessa is recognised as a leading market practitioner in the main legal directories such as Chambers & Partners and Legal 500.


Representative matters

EUR443.29m: The lenders on the refinancing through project bond financing of the debt of 13 solar PV plants portfolio with a total installed capacity of 74,8MWp located in Spain, owned by Eolia Renovables de Inversiones. (Project Atlas).

EUR533.82m: The lenders on the refinancing of a portfolio of 20 onshore wind farms with a total installed capacity of 544 MW. (Project Cronos).

A group of financial institutions in connection with the financing to Forestalia Renovables in the construction and development of wind farms in Aragon for 300MW. Wind Deal of the Year 2018: Project Goya by Project Finance International. (Project Goya).

The commercial banks on the refinancing of the existing debt of Tranche 4 of the Barcelona Metro Line. (Project Mir).

Leadership Positions And Professional Affiliations

  • Admitted as lawyer (abogado), Spain, 2004
  • Member, Madrid Bar Association
Vanessa Cuellas is a trusted lawyer for lenders and sponsors, is very fast and provides solutions that work for everyone in the transaction”, states one source.
Chambers Europe, 2021 (Banking & Finance)
One client stresses Vanessa’s “very good commercial vision” and adds: “She knows how to coordinate a team really well and is a very trusted lawyer.
Chambers Europe, 2021 (Energy & Natural Resources)



Admitted as abogado, Spain, 2004


Business Degree, Fundación Universitaria San Pablo CEU, 2004

Postgraduate, Business Law, Fundación Universitaria San Pablo CEU, 2003

Law Degree, Fundación Universitaria San Pablo CEU, 2002


English, Spanish
A&O Shearman was formed on May 1, 2024 by the combination of Shearman & Sterling LLP and Allen & Overy LLP and their respective affiliates (the legacy firms). Any matters referred to above may include matters undertaken by one or more of the legacy firms rather than A&O Shearman.