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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.

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