The KLC Law Firm has advised National Energy Holdings on its EUR 60 million bond loan program with Piraeus Bank. PotamitisVekris reportedly advised the lender.
According to the firm, the loan will be used for financing "the construction, development, and operation of seven photovoltaic parks in the regions of Thiva and Korinthos, Greece, with a total capacity of 60,3 megawatts-peak, including the construction of the associated grid infrastructure."
Founded in 2018, National Energy is a London-headquartered privately financed corporate group focusing on large-scale investments and strategic acquisitions in clean energy solutions. The company has had a presence in Greece for more than two years.
"We very much value the level of support received on behalf of our partners who helped us overcome a challenging development cycle and reach financial close," National Energy Greece Country Manager George Lagios commented. "We now look forward to completing the construction phase and connecting our projects."
KLC previously advised National Energy Holdings on its acquisition and construction of solar parks in Greece (as reported by CEE Legal Matters on December 1, 2020).