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CMS and Wolf Theiss Advise on Financing of Green Source's Photovoltaic Parks in Hungary

CMS and Wolf Theiss Advise on Financing of Green Source's Photovoltaic Parks in Hungary

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CMS has advised Green Source GmbH and its Solar Partners subsidiary on the EUR 66 million financing provided by Kommunalkredit Austria for the construction of power plants in Hungary. Wolf Theiss advised Kommunalkredit Austria.

The signing of project documentation for the EUR 66 million financing took place at the end of July 2020 and financial closing occurred in mid-August.

According to CMS, “the project concerns the construction of eight solar power plants with a total peak capacity of 65 MW by five Hungarian project companies owned by Solar Partners."

Green Source, which was founded in Vienna in 2006, specializes in the development, construction, operation, and operations and maintenance of ground-mounted photovoltaic plants in Central and Eastern Europe for private and institutional investors. To date, Green Source has developed, constructed, and sold 27 projects with a total capacity of over 332 MW.

CMS’s team included, in Vienna, Partners Johannes Trenkwalder, Stefan Paulmayer, Thomas Hamerl, Guenther Hanslik, and Marcell Clark, Senior Associate Lisa Oberlechner, and Associates David Kohl, Linda Marterer, Christoph Birner, Marie-Christine Lidl, Marco Selenic, and Vanessa Horaceck; in Hungary, Managing Partner Erika Papp, Senior Consultant Arpad Lantos, Senior Associates Peter Deak, Zsofia Hermann, and Zoltan Poronyi, and Associates Nora Devenyi and Zita Gressai; in Slovakia, Managing Director Oliver Werner, Senior Associate Barbora Korenecova, and Associates Natalia Janoskova and Terezia Rusnakova; and in Germany, Partners Antje Becker and Dorothee Janzen and Senior Associate Sonja Ebert.

Wolf Theiss's team included, in Austria, Partner Andreas Schmid, Counsel Marika Lomashvili, Senior Associate Georg Harer, and Associate Victoria Mohler; in Hungary, Partner Laszlo Kenyeres, Counsel Melinda Pelikan, Senior Associate Zoltan Bodnar, and Associates Matyas Palosi, Andras Mozsolits, Zsombor Vancza, and Laszlo Lovas; and in Slovakia, Counsel Bruno Stefanik and Associate Dalibor Palaticky.

Hungary Knowledge Partner

Nagy és Trócsányi was founded in 1991, turned into limited professional partnership (in Hungarian: ügyvédi iroda) in 1992, with the aim of offering sophisticated legal services. The firm continues to seek excellence in a comprehensive and modern practice, which spans international commercial and business law. 

The firm’s lawyers provide clients with advice and representation in an active, thoughtful and ethical manner, with a real understanding of clients‘ business needs and the markets in which they operate.

The firm is one of the largest home-grown independent law firms in Hungary. Currently Nagy és Trócsányi has 26 lawyers out of which there are 8 active partners. All partners are equity partners.

Nagy és Trócsányi is a legal entity and registered with the Budapest Bar Association. All lawyers of the Budapest office are either members of, or registered as clerks with, the Budapest Bar Association. Several of the firm’s lawyers are admitted attorneys or registered as legal consultants in New York.

The firm advises a broad range of clients, including numerous multinational corporations. 

Our activity focuses on the following practice areas: M&A, company law, litigation and dispute resolution, real estate law, banking and finance, project financing, insolvency and restructuring, venture capital investment, taxation, competition, utilities, energy, media and telecommunication.

Nagy és Trócsányi is the exclusive member firm in Hungary for Lex Mundi – the world’s leading network of independent law firms with in-depth experience in 100+countries worldwide.

The firm advises a broad range of clients, including numerous multinational corporations. Among our key clients are: OTP Bank, Sberbank, Erste Bank, Scania, KS ORKA, Mannvit, DAF Trucks, Booking.com, Museum of Fine Arts of Budapest, Hungarian Post Pte Ltd, Hiventures, Strabag, CPI Hungary, Givaudan, Marks & Spencer, CBA.

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