Taylor Wessing has advised Berenberg on commencing its cooperation with Greencells for the development of the Szugy solar park in Hungary. Erdos Katona reportedly advised Greencells on the deal.
According to Taylor Wessing, "the Berenberg Green Energy Junior Debt Fund III has provided the financing for the construction and commissioning phase of the 65.2 megawatt-peak Szugy solar park in Hungary. [The fund] is part of the German private bank Berenberg. Together with the EPC & solar park developer Greencells, Berenberg has begun its cooperation with Szugy."
According to the firm, Szugy is "already under construction and is expected to start its operations in October 2022. The park benefits from a government-guaranteed feed-in tariff (FIT), over 25 years, starting at operations. The solar park will be built with 121,000 photovoltaic modules, which will produce enough energy to meet the electricity demand of around 22,500 homes.”
Taylor Wessing’s team in Hungary included Partner Torsten Braner and Senior Associate Petra Knall, with further team members in Germany and the Netherlands.
