Clifford Chance and Dominkovic & Osrecak have advised Taaleri Energia and Encro on the EUR 126 million senior debt financing package for the construction of the Zadar wind farm in Croatia. CMS reportedly advised the lending consortium.
The consortium providing project financing included Zagrebacka Banka, the Croatian Bank for Reconstruction and Development, and the European Bank for Reconstruction and Development.
Taaleri Energia is a Nordic renewables fund manager and developer. Encro is a renewable energy developer in Croatia.
According to Clifford Chance, “the Taaleri SolarWind II fund acquired the wind farm, which will have a capacity of 111 megawatts, together with Encro, the farm's original developer. The Zadar wind farm is located in the county of Zadar, around 300 kilometers south-west of the capital city Zagreb. The wind farm is planning to enter into a long-term power purchase agreement for a substantial proportion of the electricity generated.”
Clifford Chance’s team included Partners Andrzej Stosio and Pawel Puacz, Counsels Dominik Kepinski and Kacper Bardan, and Associate Artur Gladysz.
Dominkovic & Osrecak's team included Managing Partner Ivana Dominkovic Cecelja and Attorney at Law Emanuel Matesic.
Editor's Note: After this article was published, CMS confirmed its involvement in the deal. The firm's team included Croatia-based Partners Jelena Nushol Fijacko and Marija Musec and Senior Associate Relja Rajkovic and Poland-based Partner Rafal Zakrzewski.