Vlasceanu & Partners and Wolf Theiss have advised the Ratesti Solar Plant – an Econergy group and Nofar group subsidiary – on the EUR 60 million financing from Raiffeisen Bank International and Raiffeisen Bank Romania to finance part of its EUR 102 million 155-megawatt solar project in Ratesti, Romania. CMS reportedly advised Raiffeisen Bank.
According to Vlasceanu & Partners, the financing structure relies on electricity merchant sales, without the need for a power purchase agreement. “Ratesti is Romania's largest solar project, developed on an area of 170 hectares, with a total installed capacity of 155 megawatts, expected to produce 220 gigawatt-hours of electricity per year. The project has successfully concluded its construction and grid connection phases, with the energization process recently finalized.”
The Vlasceanu & Partners team included Partner Loredana Vlasceanu, Senior Associate Mihaela Farin, and Associate Sorina Viziru.
The Wolf Theiss team was led by Partner Marcell Nemeth.
Editor's Note: After this article was published, CMS confirmed its involvement. The firm's team included Partners Ana Radnev, Varinia Radu Serban, and Roxana Fratila, Counsel Ramona Dulamea, Senior Associates Raluca Diaconeasa and Edwina Udrescu, and Associates Diana Elena Dona, Madalina Constantinescu, Alexandru Virgil Trandafir, Bianca Banateanu, Amalia Podoleanu, and Florian-Gabriel Pacalici.