CEE Legal Matters
In-depth coverage of the news and newsmakers that shape Europe's emerging markets
Linklaters has advised a group of commercial lenders, export credit agencies, and multilateral financial institutions on the development and USD 5.2 billion non-recourse green financing for the Baltic Power offshore wind farm. Hogan Lovells advised the borrowers. SSW Pragmatic Solutions advised Baltic Power.
The Hungarian renewable energy sector has recently undergone a huge development, mainly focusing on photovoltaic power plants. In Hungary, rooftop photovoltaic projects are mainly widespread among households and companies to cover their own electrical needs. These projects are so-called household power plants, which are basically micro power plants connected to the low-voltage system.
Cobalt has advised Schwenk Latvija on its long-term power purchase agreement with BaltCap Infrastructure fund and AJP Capital Solar Core Plus fund joint-venture PV Power.
On September 20, 2023, PHH announced that Kommunalkredit's EUR 37.5 million financing for the 63-megawatt Senyo photovoltaic plant in Hungary – commissioned by Green Source and Core Value Capital – (reported by CEE Legal Matters on August 7, 2023) had closed.
Former Banasik Wozniak i Wspolnicy Partner Joanna Bernat has joined Crido in Warsaw as a Partner and the firm's Head of Energy.
Clifford Chance has advised PAD RES on a PLN 240 million financing agreement with the Polish Development Fund for the construction of two photovoltaic farms with a total capacity of 117 megawatts in northern Poland. Wardynski & Partners advised the PDF.
The Hungarian Government plans to further develop the regulatory framework for geothermal energy, according to the REPowerEU chapter of Hungary’s Recovery and Resilience Plan.
