Norton Rose Fulbright has advised Alpha Bank on the EUR 30 million non-recourse financing of a greenfield onshore wind power project developed by Eoliki Energiaki Achladotopos S.A., a Greek subsidiary of Total Eren, in Evia, Greece. Watson, Farley & Williams reportedly advised the sponsor.
The project, consisting of six Siemens wind turbine generators, will have a total installed capacity of 19.2 MW, and it is expected to come online by October 2018. Norton Rose Fulbright describes it as "one of the very first projects that was financed under the new national support scheme for renewable electricity."
The Norton Rose Fulbright team was led by Partner Dimitris Assimakis, with assistance from Senior Associates Dimitra Giannoula and Minas Kitsilis and Associate Christina Korinthios. German law advice was provided by Partner Dirk Trautmann, Senior Associate Oliver Paasch, and Associate Matthias Zimmermann. Luxembourg advice was provided by Partner Stephane Braun and Of Counsel Cyril d’Herbes.