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Redcliffe Partners and Integrites Advise on Financing of Bohuslav Photovoltaic Power Plant Construction

Redcliffe Partners and Integrites Advise on Financing of Bohuslav Photovoltaic Power Plant Construction

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Redcliffe Partners and Clifford Chance Amsterdam have advised the Netherlands Development Finance Company, the Green for Growth Fund, and the Norwegian Guarantee Institute for Export Credits on EUR 37.8 million financing to Scatec Solar for the construction of a 54 MWp solar PV plant in the community of Bohuslav, in the Kyiv region of Ukraine. Integrites and Triniti advised Scatec Solar on the transaction, which closed in July 2019.

The Netherlands Development Finance Company (FMO), a Dutch development bank, acted as mandated lead arranger, original lender, and facilities agent. The Green for Growth Fund participated under FMO’s B Facility, and the Norwegian Guarantee Institute for Export Credits, a Norwegian export credit agency, provided a partial unfunded credit guarantee to FMO with respect to financing of the construction, maintenance, and operation of the Bohuslav plant.

The Redcliffe team was led by Managing Partner Olexiy Soshenko.

The Integrites team was led by Partner Igor Krasovskiy and included Senior Associates Olena Savchuk and Yuriy Korchev and Associates Alina Trofimova and Viktoriia-Anna Oliinyk.

As reported on 10 July 2019, Integrites has advised Scatec Solar on the construction and financing of six PV plants in Ukraine.

Integrites at a Glance

INTEGRITES is a full-service law firm with the head office in Ukraine, offices in Kazakhstan and Russia, and representative offices in Germany, the Netherlands, and the UK.

We provide legal services to companies seeking comprehensive advice on large deals and major disputes, as well as day-to-day operation. INTEGRITES is highly recommended for its cross-border work (whether sophisticated transactions or complex dispute resolution) and for the projects in energy, in particular, renewable.

Our mission is to help companies concentrate on development of their business while we take care of the legal issues. With profound industry-focused expertise, we deliver legal solutions that add value to the business of our clients and help them successfully handle legal challenges.

In 14 years INTEGRITES has served more than 850 clients from around the globe, including Fortune 500 companies and international financial institutions. Clients in our portfolio are recognized leaders in various industries: from manufacturing, pharmaceuticals, and retail to agriculture, logistics, and renewables. Currently 80% of the companies we serve are international.

INTEGRITES has been consistently recognized by the leading international legal directories and rankings: Chambers Global/Europe, The Legal 500 EMEA, Who’s Who Legal, IFLR 1000, Best Lawyers, FT Innovative Lawyers.

All News about, and Legal Analysis by, Integrites can be found here.

Firm's website: www.integrites.com