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Norton Rose Fulbright Advises on PPCR Solar Project Financing

Norton Rose Fulbright Advises on PPCR Solar Project Financing

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Norton Rose Fulbright has advised PPC Renewables S.A. and its Iliaka Parka Dytikis Makedonias 1 S.A. subsidiary on financing for a EUR 8.7 million project for the construction of a 15MW photovoltaic park in Ptolemaida, Greece, from National Bank of Greece and Eurobank. The European Investment Bank has also been provided with the right to participate in the financings.

PPCR is the renewables subsidiary of Public Power Corporation S.A. According to Norton Rose Fulbright, the company "has an aspiring development plan to reach 1.5GW of renewable installed capacity by 2023. This financing is the first leg of a broader financing arrangement to PPCR, which has plans to construct a nexus of photovoltaic parks totaling a 230MV installed capacity in the region of Kozani where a number of decommissioned lignite mines are located.”

Norton Rose Fulbright’s team in Athens included Counsel Dimitrios Rampos, Senior Associate John Koukoulakis, and Lawyers Vaia Karathodorou and Vicky Zambaza.

Norton Rose Fulbright did not reply to our inquiry on the matter.

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