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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

DLA Piper is a global law firm with lawyers located in more than 40 countries throughout the Americas, Europe, the Middle East, Africa, and Asia Pacific. This positions us to help clients with their legal needs around the world.

With more than 60 lawyers, including 14 partners, and a staff of over 140, DLA Piper Hungary is one of the largest international law firms operating in Hungary. What makes us stand out is that we offer not only legal services but also tax and business advisory support in a fully integrated manner. We maximize synergies between legal, tax, and business advisory services to offer a unique service for our clients, particularly in regulated industries such as energy, infrastructure, life sciences, banking, and telecommunications.

We are a true full-service firm, providing our private and public sector clients with advice on all aspects of their business. This includes transaction-related advice, people and employment, commercial dealings, litigation, information technology, media and communications, intellectual property, insurance, tax, real estate, and restructuring plans.

DLA Piper Hungary has received numerous professional awards and is consistently ranked among the top law firms in Hungary by international rankings. We are ranked #1 by Mergermarket among the law firms active in Hungary based on the volume of M&A deals handled between 2005 and 2024.

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