Lambadarios has advised Piraeus Bank on the EUR 620 million financing of a Terna Energy pumped hydro storage station in the municipality of Amfilochia, Western Greece. Marinos | Petroulias & Partners reportedly advised Terna Energy.
According to Lambadarios, the "financing project Hydro Pumped Storage Complex in Amfilochia of Terna Energy involves the design, development, and construction of two stations in Pyrgos and Agios Georgios with a production capacity of up to 680 megawatts and a pumping capacity of up to 730 megawatts. This vital investment in Greece’s energy transformation aims to secure energy storage and maximization of renewable energy penetration in the energy production mix in Greece, contributing to sustainability and achieving the 2030 National Energy and Climate Plan goals."
The Lambadarios team included Partners Yannis Kourniotis, Prokopis Dimitriadis, and Konstantina Siozou and Associates Angeliki Kaperoni and Christina Kyrgialani.
Editor's Note: After this article was published, Marinos | Petroulias & Partners confirmed its involvement to CEE Legal Matters. The firm's team included Partners Panagiotis Petroulias and Nafsika Gountza and Senior Associate Charis Loizou.
