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CMS Advises on Financing for Two Bulgarian Photovoltaic Projects

CMS Advises on Financing for Two Bulgarian Photovoltaic Projects

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CMS Sofia has advised Korean investors KOSEP and SDN on additional EUR 10 million financing obtained from UniCredit Bulbank AD, Expressbank AD, and DSK Bank EAD for two 42 MWp photovoltaic projects in Bulgaria. CMS Vienna advised the lenders on the financing.

The two projects are located in northern part of Bulgaria, in the villages of Samovodene and Zlataritsa. According to CMS, "with 42 MWp installed capacity these projects represent the biggest Korean investment in Bulgaria to date." CMS reports that it "assisted the parties on all matters related to the project, including during the negotiation process, preparation of the paperwork and perfection steps."

The CMS Sofia team advising KOSEP and SDN was led by Partner Kostadin Sirleshtov, assisted by Associates Borislava Piperkova and Elena Yotova-Yordanova.

The CMS Vienna team advising the lenders was led by Partner Dimitar Zwiatkow, assisted by Associates Marin Drinov and Ivan Gergov. 

 

 

Bulgaria Knowledge Partner

Schoenherr is a leading full-service law firm providing local and international companies stellar advice that is straight to the point. With 15 offices and 4 country desks Schoenherr has a firm footprint in Central and Eastern Europe. Our lawyers are recognised leaders in their specialised areas and have a track record of getting deals done with a can-do, solution-oriented approach. Quality, flexibility, innovation and practical problem-solving in complex commercial mandates are at the core of our philosophy.

Firm's website: www.schoenherr.eu

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