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CMS and Wolf Theiss Advise on Financing of Green Source's Photovoltaic Parks in Hungary

CMS and Wolf Theiss Advise on Financing of Green Source's Photovoltaic Parks in Hungary

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CMS has advised Green Source GmbH and its Solar Partners subsidiary on the EUR 66 million financing provided by Kommunalkredit Austria for the construction of power plants in Hungary. Wolf Theiss advised Kommunalkredit Austria.

The signing of project documentation for the EUR 66 million financing took place at the end of July 2020 and financial closing occurred in mid-August.

According to CMS, “the project concerns the construction of eight solar power plants with a total peak capacity of 65 MW by five Hungarian project companies owned by Solar Partners."

Green Source, which was founded in Vienna in 2006, specializes in the development, construction, operation, and operations and maintenance of ground-mounted photovoltaic plants in Central and Eastern Europe for private and institutional investors. To date, Green Source has developed, constructed, and sold 27 projects with a total capacity of over 332 MW.

CMS’s team included, in Vienna, Partners Johannes Trenkwalder, Stefan Paulmayer, Thomas Hamerl, Guenther Hanslik, and Marcell Clark, Senior Associate Lisa Oberlechner, and Associates David Kohl, Linda Marterer, Christoph Birner, Marie-Christine Lidl, Marco Selenic, and Vanessa Horaceck; in Hungary, Managing Partner Erika Papp, Senior Consultant Arpad Lantos, Senior Associates Peter Deak, Zsofia Hermann, and Zoltan Poronyi, and Associates Nora Devenyi and Zita Gressai; in Slovakia, Managing Director Oliver Werner, Senior Associate Barbora Korenecova, and Associates Natalia Janoskova and Terezia Rusnakova; and in Germany, Partners Antje Becker and Dorothee Janzen and Senior Associate Sonja Ebert.

Wolf Theiss's team included, in Austria, Partner Andreas Schmid, Counsel Marika Lomashvili, Senior Associate Georg Harer, and Associate Victoria Mohler; in Hungary, Partner Laszlo Kenyeres, Counsel Melinda Pelikan, Senior Associate Zoltan Bodnar, and Associates Matyas Palosi, Andras Mozsolits, Zsombor Vancza, and Laszlo Lovas; and in Slovakia, Counsel Bruno Stefanik and Associate Dalibor Palaticky.

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