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CMS Advises UniCredit Bulbank on Refinancing Solarian Holdings Portfolio

CMS Advises UniCredit Bulbank on Refinancing Solarian Holdings Portfolio

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CMS has advised UniCredit Bulbank on the refinancing of Solarian Holdings' 21-megawatt operational photovoltaic portfolio in Bulgaria.

According to CMS, the EUR 36 million refinancing project relates to a number of special-purpose companies, including Consult Solar EOOD, Solar R1 EOOD, Solar RAS EOOD, Green Energy Park EOOD, and Vento Eco Energy EOOD, all operating under the contracts-for-premium scheme, introduced by Bulgaria in order to replace the feed-in tariff under the Second Renewable Energy Act.

Last year, CMS had advised Solarian Holdings on the acquisition of a 5-megawatt photovoltaic power plant from FEC Perun (as reported by CEE Legal Matters on May 28, 2020) and the acquisition of a 2.25-megawatt photovoltaic power plant from Julian Torchanov and Mat Ltd. (as reported by CEE Legal Matter on August 21, 2020), both located in Bulgaria.

CMS’s team included Partners Dimitar Zwiatkov, Kostadin Sirleshtov, and Gentscho Pavlov, Senior Associates Borislava Piperkova and Ivan Gergov, and Associates Diyan Georgiev, Tsocho Boshnakov, and Lyubomira Tanchovska.

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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