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Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank

Nyerges & Partners Advises Shikun and Binui Energy on EUR 40.5 Million PV Project Financing from Raiffeisen Bank

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Nyerges & Partners has advised Shikun and Binui Energy on a EUR 40.5 million loan from Raiffeisen Bank International AG and Raiffeisen Bank Romania for a 70-megawatt photovoltaic project in Satu Mare. CMS reportedly advised Raiffeisen Bank.

Shikun & Binui Energy specializes in the development, financing, construction, and operation of power generation plants based on renewable energies, such as solar energy, hydro, wind, and natural gas.

According to Nyerges & Partners, “the project is one of the first utility-scale PV projects in Romania in the last decade having completed a financial close under non-recourse conditions.”

Nyerges & Partners had also advised Shikun & Binui Energy on the engineering, procurement, and construction agreement with CJR Renewables for the development of the same project, ten days earlier (as reported by CEE Legal Matters on March 8, 2023).

The Nyerges & Partners team included Managing Partner Mihaela Nyerges, Of Counsel Doina Anghelescu, Senior Associate Monica Cune-Ghitescu, and Junior Associate Diana Dulama.

CMS at a Glance

CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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