Norton Rose Fulbright has advised Alpha Bank, Eurobank Ergasias, and National Bank of Greece on the approximately EUR 117 million non-recourse refinancing of the Agios Georgios wind farm on the uninhabited islet of Agios Georgios offshore Attica in the Athens metropolitan area.
Agios Georgios is a 73.2 MW wind farm operated by Terna Energy Saint George, a subsidiary of Terna Energy. Norton Rose Fulbright describes it as "a flagship project for the Greek renewable sector as the largest wind farm to date in the country and the only one connected through a dedicated subsea high voltage cable system, approximately 36 km in length, to the mainland grid."
Norton Rose Fulbright's Greece-based team included Partner Dimitris Assimakis, Counsel Dimitris Rampos, Senior Associates Minas Kitsilis and George Palogos, and Associates Sylvia Betrosian and Christina Korinthios. The project was supported by a London-based team as well, led by Partner Daniel Franks.