CMS Sofia has advised Astronergy Solar Bulgaria on receiving a EUR 54 million refinancing for its portfolio of ten operational photovoltaic plants from the recently merged KBC United Bulgarian Bank.
"The portfolio, which was originally financed by the China Development Bank for EUR 104 million, consists of ten operational photovoltaic plants [built in 2012], which initially enjoyed a fixed Feed-In Tariff and, from 2016 onwards, transitioned to the current Contracts for Difference Guarantee scheme," CMS informed.
The CMS team was led by Managing Partner Kostadin Sirleshtov and Senior Associate Borislava Piperkova and included Associates Elena Yotova-Yordanova and Dian Boev and Trainee Lyubomira Tanchovska.
